When credit life insurance or credit accident and health insurance is required as security for any indebtedness, the creditor shall inform the debtor of the debtor's option to furnish the required insurance through existing policies of insurance owned or controlled by the debtor or to procure and furnish the required coverage through any insurer authorized to transact life or accident and health insurance in Utah.
Utah Code § 31A-22-809
Right of debtor to choose insurer
Applied in 1 court decision — leading case Speros v. Fricke (2004)
Most recently applied in Speros v. Fricke (August 2004)
Amended by Chapter 116, 2001 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.