If a creditor requires insurance, upon notice to the creditor, the debtor, as provided in section 41-2313 , Idaho Code, shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and paid for by the debtor, but the creditor may for reasonable cause, as defined in section 41-1312 , Idaho Code, decline the insurance provided by the debtor.
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