2011 Utah Code
Title 70C Utah Consumer Credit Code
Chapter 6 Insurance
Section 301 Property insurance.

70C-6-301. Property insurance.
(1) A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property related to the credit transaction unless:
(a) the insurance covers a significant risk of loss of or damage to the property;
(b) the amount, terms, and conditions of the insurance are reasonable in relation to the character and value of the property insured or to be insured; and
(c) the term of the insurance is reasonable in relation to the terms of credit.
(2) The term of insurance is reasonable if it is customary and does not extend substantially beyond a scheduled maturity.