427.155. No fiduciary relationship intended. — Sections 427.110 to 427.190 do not impose a fiduciary relationship between the creditor and the debtor. Placement of collateral protection coverage is for the sole purpose of protecting the interest of the creditor when the debtor fails to insure collateral as required by the credit agreement.
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(L. 1997 H.B. 257)
---- end of effective 28 Aug 1997 ----
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