Credit life insurance means insurance on the life of a debtor in connection with
Credit life insurance means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction.
Credit life insurance means insurance on the life of a debtor in connection with an extension of credit that pays a person if the debtor dies.
Examples of Credit life insurance in a sentence
Credit life insurance and credit disability insurance are not required to obtain credit.
More Definitions of Credit life insurance
Credit life insurance means insurance on a debtor or debtors, pursuant to or in connection with a specific loan or other credit transaction, to provide for satisfaction of a debt, in whole or in part, upon the death of an insured debtor.
Credit life insurance means insurance on the life of a debtor in connection with a specific credit transaction.
Credit life insurance means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction as defined in G.S. 58-58-10.
Credit life insurance means credit life, health, and accident insurance, sometimes referred to as credit life and disability insurance, and mortgage life and disability insurance.
Credit life insurance means term life insurance purchased in conjunction with a motor vehicle credit transaction which provides a death benefit payable to the lender, or to the insured consumer's beneficiary to the extent the death benefit exceeds the amount necessary to fully pay and satisfy the transaction, in the event of the insured consumer's death during the term of coverage.
Credit life insurance means insurance on the lives of bor- rowers or purchasers of goods in connection with specific loans or credit transactions when all or a portion of the insurance is pay- able to the creditor to reduce or extinguish the debt.
Credit life insurance means insurance on the life of a