§ 13-101. Definitions
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 13-101
§ 13-101. Definitions
(b) “Credit health insurance” means insurance on a debtor that provides indemnity for payments that are due on a specific loan or other credit transaction while the debtor is disabled as defined by the policy.
(c) “Credit involuntary unemployment benefit insurance” means insurance on a debtor that provides indemnity for payments that are due on a specific loan or other credit transaction while the debtor is involuntarily unemployed as defined by the policy.
(d) “Credit life insurance” means insurance on the life of a debtor in connection with a specific loan or other credit transaction.
(e) “Creditor” means:
(f)(1) “Debtor” means a borrower of money or purchaser or lessee of goods, services, or property rights or privileges for which payment is arranged through a credit transaction.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 436C.
MD Code, Insurance, § 13-101, MD INSURANCE § 13-101
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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