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	Brochures: Credit Insurance
		It is insurance sold with a credit transaction, such as a loan or credit card, that will pay all or a portion of the outstanding credit balance if a claim is filed, or, if it is credit property insurance, usually pays the lesser of the value of the item or the balance of the loan.
		Credit Life Insurance - is similar to a term life insurance policy, however, when a borrower dies the proceeds of the policy are used to pay off all or part of the borrower's debt.
		Credit insurance also may not cover balloon payments that are due at the end of a loan.
	www.wdfi.org /ymm/brochures/credit/credit_insurance.htm (1129 words)

	Credit insurance - Wikipedia, the free encyclopedia
		Credit Insurance is an insurance policy associated with a specific loan or line of credit which pays back some or all of any monies owed should certain things happen to the borrower, such as death, disability, or unemployment.
		The sale of credit insurance is controversial because it is almost always cheaper for an individual to forgo credit insurance, and instead have a term life insurance or disability insurance policy to cover the credit balance.
		Credit Insurance was born at the end of nineteenth century, but it was mostly developed in Western Europe between the first and Second World Wars.
	en.wikipedia.org /wiki/Credit_insurance (408 words)

	Credit-to-Cash Advisor — Credit Insurance: a Global or Local Policy
		Credit insurance is a well known method to secure outstanding debts, whether for local sales or cross-border.
		People who had handled their credit insurance policy for many years would have to hand over to others operating more centrally but less familiar with the specific problems of the business or country.
		The credit staff had to make sure non-performance could never be the reason for ending a policy. In this case it was a credit insurance policy with a turnover of over 2 billion euros.
	www.credit-to-cash-advisor.com /news_169.html (2767 words)

	Credit Insurance at www.myfinancezone.com - Compare Credit Cards for Bad Credit History Online (Site not responding. Last check: 2007-10-21)
		The insurance of credit to the export in Spain is modifies the regime of the credit insurance.
		Credit and Caution the insurance of credit to the export/Poor Menguy, Carlos 902 117 913.
		Brokerage of credit insurance Credit and Caution on credit assures the sales 25,000 companies in the global market by means of the prevention of the commercial risk before the closing of the operation and the later indemnification and recovery in case of unpaid Map of plants.
	www.myfinancezone.com /credit-insurance.html (927 words)

	CREDIT INSURANCE
		Credit accident and health or disability insurance make payments on the credit transaction when the insured is unable to work due to a disability such as an accident or a health problem.
		Most credit insurance premiums are based on the gross amount of credit which includes the principal balance, including the credit insurance premium, and the interest.
		If the borrower wants the optional credit insurance, he or she is required by federal law to sign or initial an affirmative written request for the insurance after receiving the disclosures.
	www.in.gov /dfi/education/crins.htm (1132 words)

	Credit Insurance - Top Ten Questions
		Credit Insurance is insurance that you can purchase when you take out a loan that protects both you and the lender in the event that you are unable to pay the loan due to death, disability or unemployment.
		Credit insurance is always sold in connection with a specific loan.
		Although you can obtain credit insurance as an individual, in most cases, a group policy is sold to a lender such as a bank, finance company, credit union or a vendor such as an auto dealer or a furniture store.
	www.ins.state.ny.us /que_top10/que_life_cre.htm (1416 words)

	Ex-Im Bank :: Products & Policies :: Insurance (Site not responding. Last check: 2007-10-21)
		All applications for short-term and medium-term insurance are subject to objective credit criteria.
		Premium rates are on a fixed-fee schedule based on the tenor of the credit, type of buyer, and country of the buyer.
		The unique feature of this insurance policy is its ability to cover "floor plan/rollover" financing which combines short-term financing of inventory acquired for resale with the option to rollover (i.e., to refinance) that financing for a longer term in order to better match the dealer's financing requirements.
	www.exim.gov /products/insurance/index.html (1408 words)

	Credit insurance
		Credit insurance, a product that's supposed to bring peace of mind to the people who buy it, has come under scrutiny by consumer advocates and some legislators who say it's overpriced at best and, at worst, illegally forced on people.
		Credit insurance is often offered to consumers when they finance a purchase either through a loan or a credit card.
		According to the study, the loss ratio for credit property was 14.7 percent and for credit unemployment it was even worse, 5.8 percent.
	www.bankrate.com /yho/news/cc/20020206a.asp (1461 words)

	Credit scores' link to insurance rates tested - USATODAY.com (Site not responding. Last check: 2007-10-21)
		Insurance companies have donated $3.7 million to try to defeat Oregon's ballot measure 42, which would bar insurers from using credit scores to set insurance rates.
		The state insurance department had barred such use of the scores, but its ban was struck down by a state judge.
		A review of how credit scores are used to set rates in Texas found that the scores have more to do with economic status than with personal responsibility, says Birny Birnbaum, a former Texas insurance regulator who is executive director of the Center for Economic Justice, a consumer advocacy group.
	www.usatoday.com /money/perfi/insurance/2006-10-29-credit-scores-usat_x.htm (493 words)

	Lexus Warranty and Protection
		Credit Insurance can provide financial security in the event you become disabled or die before the retail contract or lease obligation is met.
		The insurance company will pay the covered balance due on your retail contract or lease (up to specified limits) should death occur while you are covered during the term of insurance.
		Credit insurance is available at participating Lexus dealers in all states except Alabama, Hawaii, Mississippi and West Virginia.
	www.lexus.com /models/warranty_vehicle_protection/credit_insurance.html (803 words)

	III - Credit Scoring
		Insurance scores are used to help insurers differentiate between lower and higher insurance risks and thus charge a premium equal to the risk they are assuming.
		The bill originally banned the use of credit scoring for homeowners and auto insurance but was amended to prohibit insurers from using credit as the sole determinant of new policy underwriting and rating decisions, similar to provisions that already existed.
		Insurance scores, their study showed, are among the three most important risk characteristics for each of the six major automobile coverages.
	www.iii.org /media/hottopics/insurance/creditscoring (4261 words)

	Credit Insurance
		In 1998 for example, of the total export credit insurance premium spending recorded by the Berne Union ($3.6 billion), $2.25 billion was spent by European companies.
		The propensity to purchase credit insurance cover among European companies, as compared with their counterparts in North America, is considerably greater.
		There is a rapid expansion in the credit derivative default protection market and there can be little doubt that for tradable credit risk in AA and AAA rated companies, the capital markets will become an electronically efficient option for both banks and sellers in due course.
	nacm.org /bcmag/bcarchives/2000/articles2000/July_Aug/intnl_afa7.1.html (1469 words)

	Lenders dropping single-premium credit insurance, but borrowers still need to be on guard
		Credit life typically pays off a borrower's loan in the event of death while credit disability and credit unemployment covers a customer's monthly payments up to a certain dollar amount or for a prescribed amount of time in the event of an injury or layoff.
		The cost of credit insurance varies by state and is usually the same for everyone in a given state, though it can vary slightly depending on the coverage term.
		Of course, customers who had credit insurance, high origination fees and other charges packed into their loan -- or were enticed into taking out high-rate loans they couldn't afford -- may have no way to avoid foreclosure.
	www.bankrate.com /brm/news/mtg/20010726a.asp (1319 words)

	Credit Card Insurance
		Credit insurance is commonly misunderstood and users often accept it because it "sounds" like it should be of value.
		Credit insurance is usually offered as a mix of life, disability, and unemployment coverage.
		Some credit card protection plans are basically notification services—they'll contact your card issuers if your cards are lost or stolen and arrange for new cards, or maybe they'll periodically send you copies of your credit report so you can review it for accuracy.
	www.in.gov /dfi/education/insurance_credit_cards.htm (928 words)

	Understanding Commercial Factoring and Credit Insurance
		In general terms, insurance is the transfer of risk from one party to another (an insured to a carrier) for a consideration referred to as a premium.
		A credit insurance policy specifically insures the extension of credit from one company to another by guaranteeing, according to the terms and conditions of the policy, that the seller will be paid either by the buyer or the insurance company.
		Insurance costs depend on many factors such as: policy structure, credit worthiness of the risks involved, and the amount of retention of risk assumed by the insured.
	www.crfonline.org /orc/cro/cro-3.html (2851 words)

	Credit Insurance Overview
		Credit insurance is protection against the risk that a customer would default on a payment obligation.
		Insurance reduces the risk of loss, so sellers can be more aggressive using credit to attract and retain customers.
		Insurance protects against a variety of perils, including bankruptcy, protracted default (unwillingness to pay), catastrophic situations, and political upheaval.
	www.exportrisk.com /Credit_Insurance_Overview.htm (582 words)

	Credit Insurance Rule
		Credit life and credit accident and health insurance is sold by lenders, including banks, credit unions, auto dealers and finance companies, in conjunction with a loan or credit transaction.
		The previous credit insurance regulations were established nearly 40 years ago.
		Be aware that the premium for credit insurance is often included in the total amount of the loan or credit, which means you’re paying interest on it.
	www.insurance.wa.gov /consumers/credit/CreditInsuranceRule.asp (561 words)

	Payment Protection (Credit) Insurance
		Credit life insurance is designed to payoff the insured balance on your loan if you die.
		Credit disability insurance is designed to pay your loan payments (up to the contract limit) if you become ill or disabled and are unable to work.
		If insurance is required, you can purchase it from any one you choose or provide the coverage that is acceptable to the lender.
	www.lockheedfcu.org /Products_Services/Insurance/Payment_Protection_Credit_Insurance (916 words)

	ARI Global, Inc. Accounts Receivable Insurance
		As a leading international credit insurance broker, our job is to locate a carrier with the most value for the premium paid.
		There are less than a dozen credit insurance brokers in the country that share this distinction.
		What this means to you is a one-stop solution to understanding all your credit insurance needs, as well as servicing of your policy and, most importantly, directly assisting with claims.
	creditinsurancelinks.com (306 words)

	OPIC
		Credit insurance is sold in connection with a loan, a credit card or other credit account and is designed to make payments to the lender for you if you are unable to make the payments yourself.
		It is important to remember that credit insurance is usually optional, and in any case you are under no obligation to purchase it from the lender.
		Unlike the first three credit insurance products, credit property insurance is not directly related to an event affecting a consumer's ability to pay his or her debt.
	www.opic.state.tx.us /credit.php (240 words)

	The truth behind Insurance Credit Scoring
		Insurance employees are taught to "talk" clients out of filing small claims to keep the agent's loss ratios low.
		And due to the fact that truly financially irresponsible individuals are less likely to carry insurance, there is an additional large group of consumers whom will be adversely affected by insurance credit scoring due to circumstances beyond their control.
		As insurance credit scores are also run on existing customers, they are at the mercy of the insurance companies and are exposed to rate increases, moves to subsidiaries and losing their insurance altogether.
	www.insurancescored.com /industryvsconsumer.htm (1927 words)

	Credit Insurance - Accounts Receivable Insurance
		Credit insurance protects your receivables against commercial risks which could result in non-payment of your invoices.
		Credit insurance makes your receivables more attractive to your bank or other lenders, especially if your A/R portfolio includes concentrations of risk, cross-aged receivables, or sales into industries outside your bank's comfort zone.
		Credit insurance can help facilitate the "true sale" of your receivables per FASB 125, as well as supporting asset securitization.
	www.meridianfinance.com /credit_domestic.shtml (635 words)

	The truth behind Insurance Credit Scoring
		This insurance credit score is then used in conjunction with motor vehicle records, loss reports, and application information to determine your insurance risk at a particular point in time.
		Insurance companies will tell you that they have been using credit information actively for several years to help determine your level of risk before selling or renewing auto or homeowner's policies.
		The insurance industry claims that the use of these scores helps them to issue new and renewal insurance policies based on objective, accurate, and consistent information; and to streamline the process, better anticipate claims and better control risk.
	www.insurancescored.com (469 words)

	Atradius - Credit Insurance
		Atradius credit insurance services protect your business against the risks inherent in the sale of goods and services, both at home and around the world.
		Credit insurance helps you relax and get on with what you are good at: doing business.
		For multinational corporations with internationally based subsidiaries in need of credit insurance, our Global policy can be adapted for your company’s specific structure and requirements — umbrella cover with common terms for the group but with individual policies for country subsidiaries, provided in the local language, and governed by local jurisdiction and law.
	www.atradius.com /group/protecting/creditinsurance (375 words)

	Credit Insurance Basics
		Credit insurance is a type of coverage designed to pay off the minimum monthly payment in the event that a credit user cannot make their payments.
		Credit insurance is offered more and more, so if you haven't heard of it yet, chances are that you will.
		Indeed, the Consumer Credit Insurance Association notes that people who earn a lower income and don't have other types of insurance are the people who tend to use credit insurance the most.
	www.youngmoney.com /credit_debt/credit_basics/040218_01 (690 words)

	Credit Life and Disability - Personal - National City Corporation
		Credit life and disability insurance is available to National City home equity line and personal line of credit customers.
		Credit disability insurance helps to replace income lost when an accident or illness leaves you unable to work for an extended period of time.
		Disability insurance purchased in conjunction with a credit obligation may provide either a lump sum or a monthly payout after you are disabled for the qualifying period.
	www.nationalcity.com /personal/insurance/CreditLifeAndDisability/default.asp (247 words)

	Credit in the Insurance World
		Credit is a basic fact of life and near-necessity in today’s society and day-to-day commerce.
		Implementation of the Credit Scoring Law (PDF 1096Kb) A Report to the Legislature on the Implementation of the Credit Scoring Law and it's Affect on Consumers as of December 31, 2003.
		A recent law regulating credit life and credit accident and health insurance requires insurers to disclose more information to consumers and to pay out at least 60 cents for benefits and claims for each dollar of premium they collect.
	www.insurance.wa.gov /consumers/credit/Credit_Scoring.asp (416 words)

	Trade Risk Group credit insurance, trade credit insurance, accounts receivable insurance
		Credit insurance is a valuable tool for managing your accounts receivable.
		Credit Insurance may even provide credit enhancement by helping you obtain better financing terms.
		Whether your U.S. business is a small, privately owned company needing simple trade risk insurance or a large multinational firm seeking export credit insurance to increase your overseas sales, we have the expertise you want to get the best policy to meet your needs.
	www.traderiskgroup.com (287 words)

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