Section 21.57.020. Applicability.

Consumer credit insurance transacted in connection with a credit transaction for a personal, household, or family purpose is subject to the provisions of this chapter except
        (1) insurance written in connection with a credit transaction that is
             (A) secured by a first mortgage or first deed of trust; and
             (B) made to finance the purchase of real property, the construction of a dwelling, or to refinance a prior credit transaction made for that purpose;
        (2) an isolated insurance transaction by the insurer not related to an agreement or a plan for insuring debtors of the creditor;
        (3) insurance for which no identifiable charge is made to the debtor; or
        (4) a loan or other credit transaction that exceeds $30,000.

Notes

History

(Sec. 1 ch 120 SLA 1966; am Sec. 10 ch 84 SLA 1979; am Sec. 81 ch 62 SLA 1995)