2015 Louisiana Laws
Revised Statutes
TITLE 22 - Insurance
RS 22:1602 - Insurance in connection with a loan
§1602. Insurance in connection with a loan
A. If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.
B. A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.
C. This Section shall not apply to a premium finance loan that is not made in connection with another loan or extension of credit.
Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3061 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
