Ky. Rev. Stat. § 304.19-030

Current through 2024 Ky. Acts ch. 225
Section 304.19-030 - Forms of credit life insurance and credit health insurance

Credit life insurance and credit health insurance shall be issued only in the following forms:

(1) Individual policies of life insurance issued to debtors on the term plan;
(2) Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or
(4) Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

KRS 304.19-030

Effective:6/18/1970
Created 1970 Ky. Acts ch. 301, subtit. 19, sec.3, effective6/18/1970.