Sec. 304. Cancellation by Creditor — A creditor shall not request cancellation of a policy of property or liability insurance except after the debtor's default or in accordance with a written authorization by the debtor, and in either case the cancellation does not take effect until written notice is delivered to the debtor or mailed to him at his address as stated by him. The notice shall state that the policy may be cancelled on a date not less than ten (10) days after the notice is delivered, or, if the notice is mailed, not less than thirteen (13) days after it is mailed.
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