16a-4-109. (UCCC) Existing insurance; choice of insurer; notice of option. If a creditor requires insurance, the consumer shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the consumer, or through a policy to be obtained and paid for by the consumer, but the creditor may for reasonable cause decline the insurance provided by the consumer. The creditor shall provide the consumer with a written notice on the loan agreement or other instrument fully informing the consumer of the option authorized by this section.
History: L. 1973, ch. 85, § 69; L. 1988, ch. 153, § 2; July 1.
Structure Kansas Statutes
Chapter 16a - Consumer Credit Code
16a-4-103 (UCCC) Definition: "Consumer credit insurance."
16a-4-104 (UCCC) Creditor's provision of and charge for insurance; excess amount of charge.
16a-4-105 (UCCC) Conditions applying to insurance to be provided by creditor.
16a-4-106 (UCCC) Unconscionability.
16a-4-107 (UCCC) Maximum charge by creditor for insurance.
16a-4-108 (UCCC) Refund or credit required; amount.
16a-4-109 (UCCC) Existing insurance; choice of insurer; notice of option.
16a-4-111 (UCCC) Cooperation between administrator and commissioner of insurance.
16a-4-112 (UCCC) Administrative action of commissioner of insurance.
16a-4-201 (UCCC) Term of insurance.
16a-4-202 (UCCC) Amount of insurance.
16a-4-203 (UCCC) Filing and approval of rates and forms.
16a-4-301 (UCCC) Property insurance.
16a-4-302 (UCCC) Insurance on creditor's interest only.