California Financial Code

§ 18290

FIN § 18290Div. 7 · Ch. 3 · Art. 6

Statute text

(a)As used in this division:

(1)“Credit life insurance” and “credit disability insurance” have the same meanings as defined in Section 779.2 of the Insurance Code.

(2)“Credit loss-of-income insurance” means insurance issued to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is involuntarily unemployed, as defined in the policy.

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Legislative history

Amended by Stats. 1987, Ch. 1314, Sec. 1.