RSA 408-A:3 · Forms of Credit Life Insurance and Credit Accident and Health Insurance

408-A:3 Forms of Credit Life Insurance and Credit Accident and Health Insurance. – Credit life insurance and credit accident and health insurance shall be issued only in the following forms:

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I.

Individual policies of life insurance issued to debtors on the term plan;

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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;

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III.

Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

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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. Source. 1959, 66:1, eff. June 22, 1959.

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