Title 14, Uniform Consumer Credit Code

(1) In applying the provisions of this Act on unconscionability (§§ 5106 and 6111) to a separate charge for insurance, consideration shall be given among other factors, to: (a) potential benefits to the debtor including the satisfaction of his obligations; (b) the creditor's need…

(1) Except as provided in Subsection (2), if a creditor contracts for or receives a separate charge for insurance, the amount charged to the debtor for the insurance may not exceed the premium to be charged by the insurer, as computed at the time the charge to the debtor is deter…

(1) This Chapter does not require a creditor to grant a refund or credit to the debtor if all and refund and credits due to the debtor under this Chapter amount to less than One Dollar ($1.00), and does not require the creditor to account to the debtor for any portion of a separa…

If a creditor requires insurance, upon notice to him the debtor shall have the option of providing the required insurance through existing policies of insurance owned or controlled by him, or through policies to be obtained and paid for by him, but the creditor may for reasonable…

Refinancing or Consolidation; Duplicate Charges. (1) A creditor may not contract for or receive a separate charge for insurance in connection with a deferment (§ 2204 or § 3204), a refinancing (§ 2205 or § 3205), or a consolidation (§ 2206 or § 3206), unless: (a) the debtor agree…

Banking and Insurance. The Administrator and the Commissioner of Banking and Insurance are authorized and directed to consult and assist one another in maintaining compliance with this Chapter. They may jointly pursue investigations, prosecute suits and take other official action…

(1) Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of incurability satisfactory to the insurer. Whether or not such evidence is required, the term of the insurance shall commence no later than at the time when the debtor becomes obli…

(1) Except as provided in Subsection (2): (a) in the case of credit life insurance, the amount of insurance may not initially exceed the debt and, if the debt is payable in installments, may not at any time exceed the greater of the scheduled or actual amount of the debt; or (b) …

(1) A creditor may not provide consumer credit insurance upon a form delivered or issued for delivery in Guam or at a premium rate or charge unless the form and premium rate or charge have been approved by the Commissioner of Banking and Insurance or have been on file with him or…

(1) A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless: (a) the insurance covers a substantial risk of loss of or damage to property related to the credit transaction; (b) the amount, terms and conditions of the…

If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of accidental loss or damage is in the debtor only to the extend of any deficiency in the effective coverage of the insurance, even though the insurance covers …

A creditor may not contract for or receive a separate charge for insurance against liability unless the insurance covers a substantial risk of liability arising out of the ownership or use of property related to the credit transaction. The excess amount of a charge for insurance …

A creditor shall not request cancellation of a policy of property or liability insurance except in accordance with a written authorization by the debtor and with a written notice delivered to him or mailed to him at his address as stated by him. The notice shall state that the po…

Loan. (1) With respect to a premium finance loan, the debtor may give the lender authority to cancel insurance contracts obtained for the debtor pursuant to the premium finance loan agreement. (2) A lender may not cancel unless he gives the debtor fifteen (15) days written notice…