Usufruct
R.S. 22:1602

Insurance in connection with a loan ACTIVE

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.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1997, No. 1475, §2, eff. July 15, 1997

Section navigation

Cite R.S. 22:1602

Bluebook
La. Rev. Stat. Ann. § 22:1602 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-1602
BibTeX
@misc{larevstat-22-1602,
  title        = {La. Rev. Stat. Ann. § 22:1602},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-1602},
  note         = {Snapshot 2026-05-22}
}