Forms of credit life, credit health insurances
NMSA 1978, § 59A-25-4
in effect59A-25-4. Forms of credit life, credit health insurances
Credit life insurance and credit health insurance shall be issued only in the following forms:
A. individual policies of life insurance issued to debtors on the term plan;
B. individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
C. group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
D. 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.
Laws 1984, ch. 127, § 475.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-25-4Fetched: 10/20/2026