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State of Utah Administrative Rule Analysis Revised November 2021 NOTICE OF PROPOSED RULE TYPE OF RULE: New ___; Amendment ___; Repeal ___; Repeal and Reenact _x_ Title No. Rule No. Section No. Utah

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People who have outstanding loans or debts that they want to ensure are paid off in case of their death.

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What is credit life insurance and?

Credit life insurance is a type of insurance that pays off a borrower's debt if the borrower dies.

Who is required to file credit life insurance and?

Lenders are typically required to offer credit life insurance to borrowers.

How to fill out credit life insurance and?

To fill out credit life insurance, the borrower must provide information such as personal details, loan amount, and beneficiary information.

What is the purpose of credit life insurance and?

The purpose of credit life insurance is to provide financial protection for the borrower's family in case of the borrower's death.

What information must be reported on credit life insurance and?

Information such as the borrower's name, loan details, coverage amount, and beneficiary information must be reported on credit life insurance.

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