Section 13-105 - Forms of insuranceCredit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:
(1) an individual policy of life insurance issued to a debtor on a term plan;(2) an individual policy of health insurance issued to a debtor on a term plan;(3) a disability benefit provision in an individual policy of credit life insurance;(4) an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;(5) a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;(6) a group policy of health insurance issued to a creditor on a term plan that insures debtors;(7) a disability benefit provision in a group policy of credit life insurance; or(8) a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.