41-2305. FORMS OF CREDIT LIFE INSURANCE AND CREDIT DISABILITY INSURANCE. Credit life insurance and credit disability 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 disability 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.
(4) Group policies of disability insurance issued to creditors on a term plan insuring debtors, or disability benefit provisions in group credit life insurance policies to provide such coverage.
History:
[41-2305, added 1961, ch. 330, sec. 540, p. 645.]
Structure Idaho Code
Chapter 23 - CREDIT LIFE AND CREDIT DISABILITY INSURANCE
Section 41-2301 - DECLARATION OF PURPOSE.
Section 41-2302 - SHORT TITLE.
Section 41-2303 - SCOPE OF CHAPTER.
Section 41-2304 - DEFINITIONS.
Section 41-2305 - FORMS OF CREDIT LIFE INSURANCE AND CREDIT DISABILITY INSURANCE.
Section 41-2306 - AMOUNT OF INSURANCE.
Section 41-2307 - TERM OF CREDIT LIFE INSURANCE AND CREDIT DISABILITY INSURANCE.
Section 41-2308 - PROVISIONS OF POLICIES AND CERTIFICATES OF INSURANCE — DISCLOSURE TO DEBTORS.
Section 41-2309 - FILING, APPROVAL AND WITHDRAWAL OF FORMS.
Section 41-2310 - PREMIUMS AND REFUNDS.
Section 41-2311 - ISSUANCE OF POLICIES.
Section 41-2313 - EXISTING INSURANCE — CHOICE OF INSURER.