Credit life insurance and credit accident and health insurance shall be issued only in the following forms: I. Individual policies of life insurance issued to debtors on the term plan; II. Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance; III. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; IV. Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
‹ Prev All New Hampshire sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.