Credit disability insurance definition

Credit disability insurance means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy;

Credit disability insurance means insurance on a debtor

Credit disability insurance means insurance on a debtor to provide indemnity for

Examples of Credit disability insurance in a sentence

• Credit disability insurance does not cover any increase in my payment or in the number of payments.

• Credit disability insurance may only be offered in Massachusetts in accordance with to the standards set forth underM.G.L. c.

• Credit disability insurance products are required to be written at a 55% loss ratio.

• Credit disability insurance shall not restrict coverage to permanent disabilities, where the debtor is in fact totally disabled for the period required by the policy, although such disability may be of a temporary nature.

• Companies whose loss experience is credible and which did not meet the required loss ratio standard are required to file revised rates which meet the statutorily required loss ratio standard Credit disability insurance, also known as credit accident and sickness insurance, is designed to pay a monthly amount that is never less than the minimum monthly payment required under the debt agreement.

More Definitions of Credit disability insurance

Credit disability insurance means insurance on a debtor to provide indemnity for payments coming due on a specific loan or other credit transaction while the debtor is disabled. Refer also to Subsection 31A-22-802(1).

Credit disability insurance means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled, as defined in the policy, exclusive of any insurance procured at no expense to the debtor. Insurance shall be deemed to have been procured at no expense to the debtor unless the cost of the credit transaction to the debtor varies depending on whether or not the insurance is procured.

Credit disability insurance means insurance on a debtor or debtors to or in connection with a specific loan or other credit transaction, to provide for lump sum or periodic payments on a specific loan or other credit transaction due to the disability of the insured debtor.

Credit disability insurance means the same as defined in 33-21-103.

Credit disability insurance means credit health insurance as defined by Title 24-A M.R.S.A., Section 2853, Subsection 2.

Credit disability insurance means insurance on a debtor to provide indemnity for payments becoming due or outstanding on a specific loan or other credit transaction while the debtor is a person with a disability as defined in the policy or certificate.

Credit disability insurance means insurance on a debtor or debtors to or in connection with a specific loan or other credit transaction, to provide for payments due on a specific loan or other credit transaction while the insured debtor is disabled.