TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 44

INSURANCE

PART 3.

PROPERTY AND LIABILITY INSURANCE

28-44-303.  Liability insurance. A creditor may not contract for or receive a separate charge for insurance against liability unless the insurance covers a substantial risk of liability arising out of the ownership or use of property related to the credit transaction.

History:

[28-44-303, added 1983, ch. 119, sec. 3, p. 293.]