Delaware Statutes
§ 3124 — Information to debtors
In the case of a policy insuring the lives of debtors, such a group life insurance policy shall contain a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness.
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Legislative History
18 Del. C. 1953, § 3122; 56 Del. Laws, c. 380, § 1 ; 65 Del. Laws, c. 480, § 1
Nearby Sections
15
§ 3102
Employee groups§ 3103
Debtor groups§ 3105
Trustee groups§ 3106
Association groups§ 3107
Credit union groups§ 3108
Discretionary groups§ 3111
Dependents’ coverage§ 3113
Grace period