{"data":{"id":"us-il/215-ilcs-5-155.53","jurisdiction":"us-il","citation":"215 ILCS 5/155.53","heading":"","body":"Forms of credit life insurance and credit accident and health insurance.) Credit life insurance and credit accident and health insurance shall be issued only in the following forms:\n(a) Individual policies of life insurance issued to debtors on the term plan;\n(b) Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;\n(c) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;\n(d) Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.","path":["CHAPTER 215 INSURANCE","Illinois Insurance Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1249\u0026ChapterID=22\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:30Z","sha256":"2d57bee1dcd1bcc2d86eff0d7331b707dfcf30bcccb874be601377220095e244","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-5-155.52","next":"us-il/215-ilcs-5-155.54"},"notice":"GroundRules: Original legal text. Not legal advice."}