US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 23
                            CREDIT LIFE AND CREDIT
                             DISABILITY INSURANCE
    41-2304.  DEFINITIONS. For the purposes of this chapter:
    (1)  "Credit life insurance" means insurance on the life of a debtor
pursuant to or in connection with a specific loan or other credit transaction.
    (2)  "Credit disability insurance" means insurance on a debtor to provide
indemnity for payments becoming due on a specific loan or other credit
transaction while the debtor is disabled as defined in the policy.
    (3)  "Creditor" means the lender of money or vendor of goods, services or
property, including a lessor under a lease intended as a security, rights or
privileges, for which payment is arranged through a credit transaction, or any
successor to the right, title or interest of any such lender or vendor, and an
affiliate, associate or subsidiary of any of them or any director, officer or
employee of any of them or any other person in any way associated with any of
them.
    (4)  "Debtor" means a borrower of money or a purchaser or lessee of goods,
services, property, rights or privileges for which payment is arranged through
a credit transaction.
    (5)  "Indebtedness" means the total amount payable by a debtor to a
creditor in connection with a loan or other credit transaction.