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UTAH STATUTES AND CODES
70C-6-102 - Definition -- Consumer credit insurance.
70C-6-102. Definition -- Consumer credit insurance.
"Consumer credit insurance" means insurance, other than insurance on property, by whichthe satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1) insurance issued as an isolated transaction on the part of the insurer not related to anagreement or plan for insuring debtors of the creditor; or
(2) insurance indemnifying the creditor against loss due to the debtor's default.
"Consumer credit insurance" means insurance, other than insurance on property, by whichthe satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1) insurance issued as an isolated transaction on the part of the insurer not related to anagreement or plan for insuring debtors of the creditor; or
(2) insurance indemnifying the creditor against loss due to the debtor's default.
Enacted by Chapter 159, 1985 General Session
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