§ 27-58-11. Insurance in connection with a loan.
(a) If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.
(b) A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.
History of Section.P.L. 1996, ch. 325, § 1.
Structure Rhode Island General Laws
Chapter 27-58 - The Banking and Insurance Consumer Protection Act
Section 27-58-1. - Short title.
Section 27-58-3. - Definitions.
Section 27-58-4. - Authorization for implementing regulations.
Section 27-58-5. - Licensure requirement.
Section 27-58-6. - Anti-tying provisions.
Section 27-58-7. - Disclosures.
Section 27-58-8. - Sales force.
Section 27-58-9. - No discrimination against non-affiliated agents.
Section 27-58-10. - Confidential customer information.
Section 27-58-11. - Insurance in connection with a loan.
Section 27-58-12. - Physical location of insurance activities.