Credit life insurance; disclosure requirement. (HB77)

Introduced By

Progress

√	Introduced
√	Passed Committee
√	Passed House
√	Passed Senate
√	Signed by Governor
√	Became Law

Description

Credit life insurance disclosures. Requires that a debtor, when buying a credit life insurance policy purchased in conjunction with a closed end loan, shall be provided with a notice of his right to a refund if the insurance is terminated prior to its scheduled maturity or the insured indebtedness is terminated or paid off early. The same disclosure requirement currently exists for insurance contracts on a debtor paid by a single premium. View Full Text »

Outcome

Bill Has Passed

View Bill's History

Poll Results

1 vote

Bill Text

Related Bills

SB664
Introduced: January 21, 2010
Status: Failed to Pass in Committee
: Insurance information; agent to disclose information about policy to funeral services licensee.
HB1333
Introduced: January 22, 2010
Status: Failed to Pass in Committee
: Preneed funeral contracts; SCC to oversee contracts funded by proceeds of life insurance policy.
HB198
Introduced: January 07, 2010
Status: Failed to Pass in Committee
: Pharmacy contracts; establishes requirements for audit procedures.
HB1363
Introduced: January 22, 2010
Status: Failed to Pass in Committee
: Title loans; establishes a system for regulating.
HB1106
Introduced: January 13, 2010
Status: signed by governor
: Insurance policy limits; allows personal representative of estate of decedent to request disclosure.

Keep track of the status of this bill as it moves through the General Assembly—subscribe via RSS.