Sec. 109. Existing Insurance; Choice of Insurer — If a creditor requires insurance, upon notice to the creditor the debtor shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and paid for by the debtor, but the creditor may for reasonable cause decline the insurance provided by the debtor.
Formerly: Acts 1971, P.L.366, SEC.5.
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