Kansas § 16a-4-109 (UCCC) Existing insurance; choice of insurer; notice of option

Kansas Statutes

§ 16a-4-109 — (UCCC) Existing insurance; choice of insurer; notice of option

Kansas·Ch. 16a CONSUMER CREDIT CODE·Art. 4 INSURANCE

If a creditor requires insurance, the consumer shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the consumer, or through a policy obtained and paid for by the consumer, but the creditor may for reasonable cause decline the insurance provided by the consumer. The creditor shall provide the consumer with a written notice on the loan agreement or other instrument fully informing the consumer of the option authorized by this section.

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If a creditor requires insurance, the consumer shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the consumer, or through a policy obtained and paid for by the consumer, but the creditor may for reasonable cause decline the insurance provided by the consumer. The creditor shall provide the consumer with a written notice on the loan agreement or other instrument fully informing the consumer of the option authorized by this section.

Kansas § 16a-4-109 ((UCCC) Existing insurance; choice of insurer; notice of option) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.