§1602. Insurance in connection with a loan
A. If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.
B. A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.
C. This Section shall not apply to a premium finance loan that is not made in connection with another loan or extension of credit.
Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3061 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.