Forms of credit life, credit health insurances.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Credit Life and Credit Health Insurance
  5. Forms of credit life, credit health insurances.

Checkout our iOS App for a better way to browser and research.

Credit life insurance and credit health insurance shall be issued only in the following forms:

A. individual policies of life insurance issued to debtors on the term plan;

B. individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

C. group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and

D. group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

History: Laws 1984, ch. 127, § 475.


Download our app to see the most-to-date content.