§ 5-3-501. Scope

The provisions of this part 5 apply to consumer insurance premium loans. Source: L. 2000: Entire article R&RE, p. 1224, § 1, effective July 1. Editor’s note: This section is similar to former § 5-7-101, as it existed prior to 2000.

§ 5-3-502. Form of Insurance Premium Loan Agreement

An agreement pursuant to which a consumer insurance premium loan is made shall contain the names of the insurance agent or broker negotiating each policy or contract and of the insurer issuing each policy or contract, the number and inception date of and premium for each policy or contract, the date on which the term […]

§ 5-3-503. Notice of Cancellation

If a default exists on a consumer insurance premium loan and any right to cure that exists has expired without cure being effected, the lender may give notice of cancellation of each insurance policy or contract to be canceled. If given, the notice of cancellation shall be in writing and given to the insurer who […]