Section 31-5103 - Forms authorized to be issuedCredit life insurance and credit accident and 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 accident and health insurance issued to debtors on a term plan or disability provisions in individual life policies to provide such coverage;(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and(4) Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability provisions in group life policies to provide such coverage.Sept. 25, 1962, 76 Stat. 581, Pub. L. 87-686, § 3.