Current with changes from the 2024 Legislative Session
Section 22:1602 - Insurance in connection with a loanA. 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.C. This Section shall not apply to a premium finance loan that is not made in connection with another loan or extension of credit.Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3061 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.Acts 1997, No. 1475, §2, eff. 7/15/1997; Redesignated from R.S. 22:3061 by Acts 2008, No. 415, §1, eff. 1/1/2009.