Section 107 - Prohibition on single premium credit life insurance.

UT Code § 61-2d-107 (2019) (N/A)
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(1) the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against: (a) death; (b) illness; (c) accident; (d) disability; or (e) unemployment of the borrower; or

(a) death;

(b) illness;

(c) accident;

(d) disability; or

(e) unemployment of the borrower; or

(2) debt cancellation or a debt suspension agreement.