§ 304-19-030

304.19 -030 Forms of credit life insurance and credit health insurance. Credit life insurance and credit health insurance shall be issued only in the following forms: (1) Individual policies of life insurance issued to debtors on the term plan; (2) Individual policies of health insurance issued to debtors on a term plan or d isability benefit provisions in individual policies of credit life insurance; (3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or (4) Group policies of health insurance issued to cre ditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 19, sec.3, effective June 18, 1970.