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:
(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
(2) insurance indemnifying the creditor against loss due to the debtor's default.
Formerly: Acts 1971, P.L.366, SEC.5. As amended by P.L.153-1986, SEC.2.
Structure Indiana Code
Article 4.5. Uniform Consumer Credit Code
24-4.5-4-102. Application; Relation to Credit Insurance Act
24-4.5-4-103. "Consumer Credit Insurance" Defined
24-4.5-4-104. Creditor's Provisions of and Charge for Insurance; Excess Amount of Charge
24-4.5-4-105. Conditions Applying to Insurance to Be Provided by Creditor
24-4.5-4-106. Unconscionability
24-4.5-4-107. Maximum Charge by Creditor for Insurance; Methods for Calculating Charge
24-4.5-4-109. Existing Insurance; Choice of Insurer
24-4.5-4-111. Cooperation Between Administrator and Insurance Commissioner
24-4.5-4-112. Administrative Action of Commissioner of Insurance
24-4.5-4-201. Term of Insurance
24-4.5-4-202. Amount of Insurance
24-4.5-4-203. Filing and Approval of Rates and Forms
24-4.5-4-301. Property Insurance
24-4.5-4-302. Insurance on Creditor's Interest Only
24-4.5-4-303. Liability Insurance
24-4.5-4-304. Cancellation by Creditor
24-4.5-4-305. Refund of Unearned Premium for Property Insurance Upon Payment of Loan