26.1-37-14. Existing insurance - Choice of insurer

26.1-37-14. Existing insurance - Choice of insurer When consumer credit insurance is required as additional security for any debt, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing insurance policies owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact insurance business in this state.