Indiana § 24-4.5-4-302 Insurance on creditor's interest only

Indiana Statutes

§ 24-4.5-4-302 — Insurance on creditor's interest only

Indiana § 24-4.5-4-302

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 4Insurance

This text of Indiana § 24-4.5-4-302 (Insurance on creditor's interest only) 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 § 24-4.5-4-302 (2026).

Text

Insurance on Creditor's Interest Only —
If a creditor contracts for or receives a separate charge for insurance
against loss of or damage to property, the risk of loss or damage not
willfully caused by the debtor is on the debtor only to the extent of any
deficiency in the effective coverage of the insurance, even though the
insurance covers only the interest of the creditor.
Formerly: Acts 1971, P.L.366, SEC.5.

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Insurance on Creditor's Interest Only —
If a creditor contracts for or receives a separate charge for insurance
against loss of or damage to property, the risk of loss or damage not
willfully caused by the debtor is on the debtor only to the extent of any
deficiency in the effective coverage of the insurance, even though the
insurance covers only the interest of the creditor.
Formerly: Acts 1971, P.L.366, SEC.5.