Kentucky Statutes 304.19-030 – Forms of credit life insurance and credit health insurance
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Credit life insurance and credit health insurance shall be issued only in the following forms:
(1) Individual policies of life insurance issued to debtors on the term plan;
(2) Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or
(4) Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 19, sec.3, effective June 18, 1970.
(1) Individual policies of life insurance issued to debtors on the term plan;
(2) Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or
(4) Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 19, sec.3, effective June 18, 1970.