Utah Code § 70C-6-102

Current with legislation effective through 5/2/2024

Section 70C-6-102 - Definition - Consumer credit insurance

"Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:

(1) insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or

(2) insurance indemnifying the creditor against loss due to the debtor's default.

Utah Code § 70C-6-102

Enacted by Chapter 159, 1985 General Session