Louisiana Statutes
§ 22:1602 — Insurance in connection with a loan
Louisiana·Title 22 Insurance
A.If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.
B.A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.
C.This Section shall not apply to a premium finance loan that is not made in connection with another loan or extension of credit.
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Legislative History
Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3061 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
Nearby Sections
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§ 22:1600
Disclosure; required§ 22:1602
Insurance in connection with a loan§ 22:1604
Customer privacy; protections§ 22:1605
Unfair trade practice§ 22:161
§ 22:161§ 22:162
Subscribers§ 22:1621
§ 22:1621§ 22:1622
Definitions§ 22:1623
Licensure; registration§ 22:1624
Required contract provisions§ 22:1625
Duties of insurers