Okla. Stat. tit. 14A, § 14A-4-302
This is the official text of Okla. Stat. tit. 14A, § 14A-4-302, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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Insurance on creditor's interest only
Official statutory text
If a creditor contracts for or receives a separate charge for
insurance against loss of or damage to property, the risk of loss or
damage not willfully caused by the debtor is on the debtor only to
the extent of any deficiency in the effective coverage of the
insurance, even though the insurance covers only the interest of the
creditor.
insurance against loss of or damage to property, the risk of loss or
damage not willfully caused by the debtor is on the debtor only to
the extent of any deficiency in the effective coverage of the
insurance, even though the insurance covers only the interest of the
creditor.
Status: in_force · Read it on the official government site
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