Liability insurance

5-4-303. Liability insurance. A creditor may not contract for or receive a separate charge for insurance against liability unless the insurance covers a substantial risk of liability arising out of the ownership or use of property related to the credit transaction. Source: L. 2000: Entire article R&RE, p. 1232, � 1, effective July 1. Editor's note: This section is similar to former � 5-4-303, as it existed prior to 2000.