Debtors option in furnishing credit life or credit health insurance
When credit life insurance or credit health insurance, as defined in ORS 743.371 (Definitions for credit life and credit health insurance provisions), is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any authorized insurer. [Formerly 739.615]
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