Sec. 38a-647. (Formerly Sec. 38-251). Forms of insurance.
Sec. 38a-647. (Formerly Sec. 38-251). Forms of insurance. Credit life insurance
and credit accident and health insurance shall be issued only in the following forms: (a)
Individual policies of life insurance issued to debtors on the term plan; (b) 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; (c) group policies of
life insurance issued to creditors providing insurance upon the lives of debtors on the
term plan; (d) 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.
(1959, P.A. 576, S. 3.)
History: Sec. 38-251 transferred to Sec. 38a-647 in 1991.