41-2305 — FORMS OF CREDIT LIFE INSURANCE AND CREDIT DISABILITY INSURANCE

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 23
                            CREDIT LIFE AND CREDIT
                             DISABILITY INSURANCE
    41-2305.  FORMS OF CREDIT LIFE INSURANCE AND CREDIT DISABILITY INSURANCE.
Credit life insurance and credit disability 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 disability 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.
    (4)  Group policies of disability insurance issued to creditors on a term
plan insuring debtors, or disability benefit provisions in group credit life
insurance policies to provide such coverage.