Forms authorized to be issued.
Credit life insurance and credit accident and health insurance shall be issued only in the following forms: Individual policies of life insurance issued to debtors on the term plan; Individual policies of accident and health insurance issued to debtors on a term plan or disability provisions in individual life policies to provide such coverage; Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability provisions in group life policies to provide such coverage.
Annotations
Sept. 25, 1962, 76 Stat. 581, Pub. L. 87-686, § 3 1973 Ed., § 35-1603. 1981 Ed., § 35-1003.
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.