Consumer Credit Regulation: 6.4.7.2 UNIP Statutes
In addition to UDAP statutes, every state has adopted some version of an “unfair insurance trade practices” (UNIP) act,252 based on an NAIC Model Act. These statutes address some of the marketing abuses often involved in credit insurance sales. Among these abuses are coercive sales tactics,253 and the sale of insurance which may be worthless to borrowers who are clearly ineligible for benefits.254