- (1) Except as provided in subsection (2), this article applies to insurance provided or to be provided in relation to a consumer credit transaction.
- (2) The provision on cancellation by a creditor applies to loans the primary purpose of which is the financing of insurance. No other provision of this article applies to insurance so financed.
L. 1973, ch. 85, § 62; L. 2024, ch. 6, § 82; January 1, 2025.