Section 160.545  Financing of Single Premium Insurance Products

No lender shall make a subject loan, which finances a single premium credit life, credit disability, credit unemployment, or any other life or health insurance, directly or indirectly. Insurance previously calculated and paid on a monthly basis shall not be considered to be financed by the lender.

(Source:  Added at 25 Ill. Reg. 6261, effective May 17, 2001)