Wis. Stat. § 424.201
Definition “consumer credit insurance”
Redline — January 1, 2003 → current.View current text →
Current — January 1, 2017
As of January 1, 2003
"Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:
“Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring customers of the creditor;
(1) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring customers of the creditor;
(2) Insurance indemnifying the creditor against loss due to the customer's default; or
(2) Insurance indemnifying the creditor against loss due to the customer's default; or
(3) With respect to a motor vehicle consumer lease, a lessor's waiver of its contractual right to hold the lessee liable for any or all of the gap amount, as defined in s. 429.104 (12) , if the waiver is granted without a separate charge.
(3) A guaranteed asset protection waiver, as defined in s. 218.0148 (1) (e) .
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.