California Insurance Code

§ 1758.992

INS § 1758.992 Effective May 10, 2011Div. 1 · Part 2 · Ch. 5 · Art. 16.7

Statute text

As used in this article, the following definitions have the following meanings:

(a)“Enrollment” means the process of soliciting or accepting enrollments or applications from a debtor under a credit insurance policy, which includes informing the debtor of the availability of coverage, calculating the insurance charge, preparing and delivering the certificate of insurance or notice of proposed insurance, answering questions regarding the coverage, or otherwise assisting the debtor in making an informed decision whether or not to elect to purchase credit insurance.

(b)“Creditor” means a lender of money or a vendor or lessor of goods, services, property, rights, or privileges, for which payment is arranged through a credit transaction, or any successor to the right, title, or interest of that lender, vendor, or lessor, and any affiliate, associate, subsidiary, subcontractor, director, officer, or employee of any of them or any other person in any way associated with any of them.

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Legislative history

Amended by Stats. 2011, Ch. 24, Sec. 2. (AB 125) Effective May 10, 2011.