Vermont Statutes

§ 4112 — Existing insurance; choice of insurer

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 109 Chapter 109: Credit Life Insurance and Credit Accident and Health Insurance
When credit life insurance or credit accident and health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or her or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this State.

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Legislative History

(Added 1959, No. 221, § 11.)

Nearby Sections

15
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