Indiana Code 24-4.5-4-103. “Consumer credit insurance” defined
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Sec. 103. In this article, “consumer credit insurance” means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:
(2) insurance indemnifying the creditor against loss due to the debtor’s default.
(1) insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or
Terms Used In Indiana Code 24-4.5-4-103
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Formerly: Acts 1971, P.L.366, SEC.5. As amended by P.L.153-1986, SEC.2.