19 Miss. Code. R. 2-2.09 - Maximum Amount Of Financing Arrangement To Be In Accord With Sound Underwriting Practices
The maximum amount of any financing arrangement which can be executed in connection with such a transaction will be in accordance with reasonable and sound underwriting practices as determined by the management of the company. It is the recommendation of this office that a financed plan should not be sold to an undergraduate on a basis where premiums would come due prior to the anticipated date of graduation by the insured.
Notes
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