70C-6-101 - Scope -- Relation to credit insurance -- Applicability to parties. - Utah Statutes

70C-6-101. Scope -- Relation to credit insurance -- Applicability to parties.
(1) Except as provided in Subsection (2), this chapter applies to insurance provided or tobe provided in connection with any consumer credit transaction subject to this title.
(2) The provision on cancellation by a creditor under Section 70C-6-304 applies toextensions of credit, the primary purpose of which is the financing of insurance. No otherprovision of this chapter applies to insurance so financed.
(3) Except as provided elsewhere under this title, this chapter supplements and does notsupersede Title 31A, Chapter 22, Part 8, Credit Life and Accident and Health Insurance. Theprovisions of this title concerning administrative controls, liabilities, and penalties do not applyto persons acting as insurers, and the similar provisions of the Credit Insurance Act do not applyto creditors and debtors.

Amended by Chapter 90, 2004 General Session