Louisiana Revised Statutes 9:3547 – Conditions applying to insurance provided by the extender of credit
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Terms Used In Louisiana Revised Statutes 9:3547
- creditor: as used in this Chapter includes a seller in a consumer credit sale, revolving charge account, or transaction made with the use of a seller credit card or otherwise, or a lender in a consumer loan, a revolving loan account, or a lender credit card transaction. See Louisiana Revised Statutes 9:3516
If a creditor agrees with a debtor to obtain or provide insurance
(1) the insurance shall be evidenced by an individual policy or certificate of insurance delivered to the debtor, or sent to him at his address as stated by him, within forty-five days after the term of the insurance commences; or
(2) the creditor shall promptly notify the debtor of any failure or delay in providing or obtaining the insurance, individual policy or certificate of insurance.
Added by Acts 1972, No. 454, §1, eff. Jan. 1, 1973.