§12A-2A-220.

§12A-2A-220.
   
                     EFFECT OF DEFAULT ON RISK OF LOSS
                                      
   (1) Where risk of loss is to pass to the lessee and the time of
   passage is not stated:
   
   (a) If a tender or delivery of goods so fails to conform to the lease
   contract as to give a right of rejection, the risk of their loss
   remains with the lessor, or, in the case of a finance lease, the
   supplier, until cure or acceptance.
   
   (b) If the lessee rightfully revokes acceptance, he, to the extent of
   any deficiency in his effective insurance coverage, may treat the risk
   of loss as having remained with the lessor from the beginning.
   
   (2) Whether or not risk of loss is to pass to the lessee, if the
   lessee as to conforming goods already identified to a lease contract
   repudiates or is otherwise in default under the lease contract, the
   lessor, or, in the case of a finance lease, the supplier, to the
   extent of any deficiency in his effective insurance coverage may treat
   the risk of loss as resting on the lessee for a commercially
   reasonable time.