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·Art. 4.5 UNIFORM CONSUMER CREDIT CODE·Ch. 4 Insurance

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.

Indiana § 24-4.5-4-302 (Insurance on creditor's interest only) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.