Conditions Applying to Insurance to be Provided by

Creditor. If a creditor agrees with a debtor that insurance will be provided:

(1)the insurance shall be evidence by an individual policy or certificate of insurance;

(2)the policy or certificate of insurance shall be delivered to the debtor, or sent to him at his address as stated by him, within thirty

(30)days after the term of the insurance commences under the agreement between the creditor and debtor; and

(3)the creditor shall promptly notify the debtor of any failure or delay in providing the insurance.