What is the limit on the amount of credit life insurance on a debtor?
What is the limit on the amount of credit life insurance on a debtor?
(1) The amount of credit life insurance shall not exceed the amount of unpaid indebtedness as it exists from time to time, less any unearned interest or finance charges; provided, however, that if the amount of credit insurance is based on a predetermined schedule, the amount of credit insurance shall not exceed the …
