California Financial Code

§ 22314

FIN § 22314 Effective Jan 1, 1997Div. 9 · Ch. 2 · Art. 3

Statute text

(a)Credit insurance shall not be deemed to be a collateral sale, purchase, or agreement within the terms of Section 22201, 22311, or 22312 when the insurance is provided in accordance with the provisions of the Insurance Code and this section. As used in this division:

(1)“Credit insurance” means credit life, disability, and loss-of-income insurance, or any combination of these coverages.

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

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Legislative history

Amended by Stats. 1996, Ch. 107, Sec. 1. Effective January 1, 1997.