385.055. Who may issue credit life insurance.
Who may issue credit life insurance.
385.055. All policies and certificates of credit lifeinsurance and credit accident and sickness insurance shall bedelivered or issued for delivery in this state only by an insurerauthorized to do an insurance business herein and shall be issuedonly through holders of licenses issued by the director. Noperson shall solicit, negotiate, or procure debtors to becomeinsured under individual or group or any other form of policyunless such person is licensed as an agent, agency or broker bythe director.
(L. 1977 H.B. 610 § 10)