Nebraska § 44-1704 Forms of policy

Nebraska Statutes

§ 44-1704 — Forms of policy

Nebraska·Ch. 44 Insurance

Credit life insurance and credit accident and health insurance shall be issued only in the following forms:

(1)Individual policies of life insurance issued to debtors on the term plan;

(2)Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

(3)Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or

(4)Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

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Credit life insurance and credit accident and health insurance shall be issued only in the following forms:
(1) Individual policies of life insurance issued to debtors on the term plan;
(2) Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; or
(4) Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

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