Louisiana § RS 6:969.25 - Consumer credit insurance
Full text of Louisiana Louisiana Civil Code § RS 6:969.25 — Consumer credit insurance, with citation guidance and answers to common questions.
§ RS 6:969.25. Consumer credit insurance
A. An extender of credit may request or require a consumer to provide consumer credit insurance as additional security under the transaction. The extender of credit may also offer consumer credit insurance to the consumer for purchase on an optional basis. If the extender of credit offers consumer credit insurance for purchase on an optional basis, the creditor shall disclose to the consumer at the time of contracting his option to purchase such insurance coverage, and shall make such disclosures as are required by Regulation Z, 12 C.F.R. 226.1 et seq. The cost of consumer credit insurance, if required by the extender of credit, is deemed to be a portion of the credit service charge or loan finance charge for the purpose of computing maximum rates.
B. Consumer credit insurance may be written with respect to each individual who is an obligor or co-obligor under a motor vehicle credit transaction. The amount of credit life insurance coverage on any one obligor or co-obligor with respect to any one motor vehicle credit transaction may not exceed the total sum payable under such contract including all loan finance charges and credit service charges. Additionally, the amount of credit health and accident insurance coverage on any one obligor or co-obligor with respect to any one motor vehicle credit transaction may not exceed the total sum payable under such contract including all loan finance charges and credit service charges.
C.(1) The premium rate for declining balance credit life insurance shall not exceed eighty cents per one hundred dollars per annum.
(2) The premium rate for level term credit life insurance shall not exceed one dollar and sixty cents per one hundred dollars per annum.
(3) The premium rate for joint credit life insurance shall not exceed one dollar and twenty cents per one hundred dollars per annum.
(4) The premium rate for joint level term credit life insurance shall not exceed two dollars and forty cents per one hundred dollars per annum.
D. The premium rate for credit dismemberment insurance shall not exceed twenty-five cents per one hundred dollars per annum.
E.(1) No policy of credit health and accident insurance may be issued pursuant to a motor vehicle credit transaction other than seven-day, fourteen-day, or thirty-day retroactive health and accident insurance.
(2) The premium rates for retroactive credit accident and health insurance issued pursuant to a motor vehicle credit transaction shall not exceed the rates set forth in the following schedule:
Amount per $100.00
7-Day
14-Day
30-Day
Months
Retro
Retro
Retro
0 - 6
$1.75
$1.10
$ .85
more than 6 through 12
3.50
2.20
1.70
more than 12 through 24
4.30
3.00
2.50
more than 24 through 36
5.10
3.80
3.30
more than 36 through 48
5.60
4.60
4.10
more than 48 through 60
6.00
5.40
4.90
more than 60 through 72
6.80
6.20
5.70
more than 72 through 84
7.60
7.00
6.50
more than 84 through 96
8.40
7.80
7.30
more than 96 through 108
9.20
8.60
8.10
more than 108 through 120
10.00
9.40
8.90
F. Notwithstanding any other provision of law to the contrary, an extender of credit may offer any insurance authorized by the Louisiana Insurance Code in connection with any extension of credit subject to this Chapter.
Acts 1999, No. 794, §1, eff. July 2, 1999.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:969.25
What does Louisiana Civil Code § RS 6:969.25 cover?
Section RS 6:969.25 ("Consumer credit insurance") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 6:969.25?
A common citation format is "Louisiana Civil Code § RS 6:969.25" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 6:969.25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.