RSA 408-A:2 Scope and Definitions.

I. This chapter may be cited as "The Model Act for the Regulation of Credit Life Insurance and Credit Accident and Health Insurance."
II. All life insurance and all accident and health insurance sold in connection with loans or other credit transactions shall be subject to the provisions of this chapter except such insurance sold in connection with:
(a) A loan or other credit transaction of more than 15 years' duration; or
(b) A first real estate mortgage; or
(c) A loan secured by a filing under the Uniform Commercial Code pursuant to RSA 477:44, IV.
III. For the purpose of this chapter:
(a) "Credit life insurance" means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction;
(b) "Cred