Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-26 - FINANCING OF PREMIUMS OF LIFE INSURANCE POLICIES
Rule 120-2-26-.08 - Underwriting Principles
Universal Citation: GA Rules and Regs r 120-2-26-.08
Current through Rules and Regulations filed through September 23, 2024
(1) The maximum amount of any financing arrangement which may be executed in connection with such a transaction shall be in accordance with reasonable and sound underwriting and business practices.
(2) A financed program shall not be sold to an undergraduate on a basis where premiums would come due prior to the anticipated date of graduation by the insured.
O.C.G.A. Sec. 33-2-9, Ch. 33-6.
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