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Forms of credit life insurance and credit health insurance

KRS 304.19-030
in effect
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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 disability 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 creditors 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.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29460Fetched: 10/20/2026

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