"Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:

1. (1) insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or

2. (2) insurance indemnifying the creditor against loss due to the debtor's default.

   [Pre-2026 Revision Citation: 24-4.5-4-103.]

As added by P.L.115-2026, SEC.97.