Indiana § 24-4.5-4-109 Existing insurance; choice of insurer

Indiana Statutes

§ 24-4.5-4-109 — Existing insurance; choice of insurer

Indiana § 24-4.5-4-109

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 4Insurance

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Bluebook

Ind. Code § 24-4.5-4-109 (2026).

Text

Existing Insurance; Choice of Insurer —
If a creditor requires insurance, upon notice to the creditor the debtor
shall have the option of providing the required insurance through an
existing policy of insurance owned or controlled by the debtor, or
through a policy to be obtained and paid for by the debtor, but the
creditor may for reasonable cause decline the insurance provided by the
debtor.
Formerly: Acts 1971, P.L.366, SEC.5.

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Existing Insurance; Choice of Insurer —
If a creditor requires insurance, upon notice to the creditor the debtor
shall have the option of providing the required insurance through an
existing policy of insurance owned or controlled by the debtor, or
through a policy to be obtained and paid for by the debtor, but the
creditor may for reasonable cause decline the insurance provided by the
debtor.
Formerly: Acts 1971, P.L.366, SEC.5.