Title 70C, Title 70C: Utah Consumer Credit Code

70C-6-105. Maximum charge by creditor for insurance. If a creditor contracts for or receives a separate charge for insurance, the amount charged the debtor for the insurance may not exceed the premium to be charged by the insurer, without deduction for commissions, as computed at…

70C-6-106. Refund or credit required -- Amount. (1) A debtor or a debtor's estate is entitled to any rebate or refund due from an insurer and to any unearned part of a separate charge for insurance previously paid by the debtor, resulting from the prepayment of a consumer credit …

70C-6-107. Existing insurance -- Choice of insurer. If a creditor requires insurance, upon notice to the creditor the debtor may provide the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and paid f…

70C-6-108. Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges. A creditor may contract for and receive a separate charge for insurance in connection with a deferral, a refinancing, or a consolidation if: (1) the debtor agrees at…

70C-6-201. Term of insurance. (1) Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of insurability satisfactory to the insurer. Whether or not this evidence is required, the term of the insurance shall commence no later than when the d…

70C-6-202. Maximum amount of insurance. (1) With respect to a closed-end credit agreement: in the case of consumer credit insurance providing life coverage, the amount of insurance may not initially exceed the debt and, if the debt is payable in installments, may not at any time …

70C-6-203. Filing and approval of rates and forms. (1) A creditor may use a form or a schedule of premium rates or charges concerning consumer credit insurance only if the form or schedule has been on file with the Insurance Department for at least 30 days and has not been disapp…

70C-6-301. Property insurance. (1) A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property related to the credit transaction unless: the insurance covers a significant risk of loss of or damage to the property; the amount, …

70C-6-302. Insurance on creditor's interest only. If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of loss or damage not willfully caused by the debtor is on the debtor only to the extent of any deficiency in …

70C-6-303. Liability insurance. A creditor may not contract for or receive a separate charge for insurance against liability arising out of the ownership or use of property related to the credit transaction, unless the insurance covers a significant risk of liability.

70C-6-304. Cancellation by creditor. A creditor may not request cancellation of a policy of property or liability insurance except after the debtor's default or in accordance with a written authorization by the debtor, and in either case the cancellation does not take effect unti…