Oklahoma § 14A-4-103 Definition: "Consumer credit insurance".

Oklahoma Statutes

§ 14A-4-103 — Definition: "Consumer credit insurance".

Oklahoma § 14A-4-103

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-4-103 (Definition: "Consumer credit insurance".) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 14A, § 14A-4-103 (2026).

Text

As used in the Uniform Consumer Credit Code, "consumer credit insurance" means insurance, other than insurance on property as provided for in Section 4-301 of this title, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:

(a)insurance provided in relation to a credit transaction in which a payment is scheduled more than fifteen (15) years after the extension of credit; or (b) insurance issued as an isolated transaction of the insurer not related to an agreement or plan for insuring debtors of the creditor; or (c) insurance indemnifying the creditor against loss due to the debtor's default.

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As used in the Uniform Consumer Credit Code, "consumer credit insurance" means insurance, other than insurance on property as provided for in Section 4-301 of this title, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: (a) insurance provided in relation to a credit transaction in which a payment is scheduled more than fifteen (15) years after the extension of credit; or (b) insurance issued as an isolated transaction of the insurer not related to an agreement or plan for insuring debtors of the creditor; or (c) insurance indemnifying the creditor against loss due to the debtor's default.