Illinois Statutes
§ 15a — Credit insurance
Illinois § 15a
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 670/Consumer Installment Loan Act.
This text of Illinois § 15a (Credit insurance) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
205 Ill. Comp. Stat. 15a (2026).
Text
Voluntary credit life insurance, credit accident and health insurance, involuntary unemployment insurance, credit property insurance, or other credit insurance policies approved or permitted by the Director of Insurance and any charge therefor which is deducted from the loan or paid by the obligor shall comply with the Illinois Insurance Code and all lawful requirements of the Director of Insurance related thereto. When there are 2 or more obligors on the loan contract, only one charge for credit life insurance and credit accident and health insurance may be made and only one of the obligors need be required to be insured, except that joint credit insurance may cover two obligors. Insurance obtained from, by or through a licensee shall be in effect when the loan is transacted. The purchase
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Legislative History
(Source: P.A. 90-437, eff. 1-1-98.)
Nearby Sections
15
§ 15-10
Fees§ 15-15
Display of fee provision§ 15-25
Record requirements§ 15-35
Minors§ 15-45
§ 15-45§ 15-5
General provisions§ 15-50
Sale of property§ 15-55
Hold order§ 15.1
§ 15.1§ 15.1a
§ 15.1aCite This Page — Counsel Stack
Bluebook (online)
Illinois § 15a, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/15a.