TITLE 27
Insurance

CHAPTER 27-8
Casualty Insurance Generally

SECTION 27-8-18


§ 27-8-18 Debtor's right to deductible election.

Any debtor receiving financing for the purchase of a motor vehicle from any institution or person or other entity shall have an absolute election to choose a deductible of up to five hundred ($500) dollars for collision or limited collision coverage, and any and all contrary provisions in an insurance policy or financing agreement shall be null and void.

History of Section.
(P.L. 1994, ch. 189, § 1.)