Indiana § 24-4.5-4-103 "Consumer credit insurance" defined

Indiana Statutes

§ 24-4.5-4-103 — "Consumer credit insurance" defined

Indiana § 24-4.5-4-103

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 4Insurance

This text of Indiana § 24-4.5-4-103 ("Consumer credit insurance" defined) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4.5-4-103 (2026).

Text

In this article, "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. Formerly: Acts 1971, P.L.366, SEC.5. As amended by P.L.153-1986, SEC.2.

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In this article, "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.
Formerly: Acts 1971, P.L.366, SEC.5. As amended by
P.L.153-1986, SEC.2.