- (1) an individual policy of life insurance issued to a debtor on a term plan;
- (2) an individual policy of health insurance issued to a debtor on a term plan;
- (3) a disability benefit provision in an individual policy of credit life insurance;
- (4) an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;
- (5) a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;
- (6) a group policy of health insurance issued to a creditor on a term plan that insures debtors;
- (7) a disability benefit provision in a group policy of credit life insurance; or
- (8) a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.
Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 436D.