When credit life insurance or credit accident and health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
(1959, P.A. 576, S. 11.)
History: Sec. 38-259 transferred to Sec. 38a-655 in 1991.
Structure Connecticut General Statutes
Chapter 700e - Credit Life, Accident and Health Insurance
Section 38a-645. (Formerly Sec. 38-249). - Applicability.
Section 38a-646. (Formerly Sec. 38-250). - Definitions.
Section 38a-647. (Formerly Sec. 38-251). - Forms of insurance.
Section 38a-648. (Formerly Sec. 38-252). - Allowable amount of insurance.
Section 38a-649. (Formerly Sec. 38-253). - Term of insurance.
Section 38a-650. - (Formerly 38-254). Policy or certificate requirements.
Section 38a-652. (Formerly Sec. 38-256). - Filing of rates.
Section 38a-654. (Formerly Sec. 38-258). - Processing of claims.
Section 38a-655. (Formerly Sec. 38-259). - Option of debtor in furnishing insurance.
Section 38a-656. (Formerly Sec. 38-260). - Regulations. Enforcement.