1009.84 Procurement of insurance as security for loans. - Florida Statutes

1009.84 Procurement of insurance as security for loans.

The Department of Education may contract with any insurance company or companies licensed to do business in the state for insurance payable in the event of the death or total disability of any student borrower in an amount sufficient to retire the principal and interest owed under a loan made as provided in ss. 1009.78-1009.88. The cost of any insurance purchased under this section shall be paid by the student borrower as a part of the handling charges for the loan or as a separate item to be paid in connection with the loan.

History. s. 466, ch. 2002-387.