Rule 120-2-26-.08. Underwriting Principles

(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. Cite as Ga. Comp. R. & Regs. R. 120-2-26-.08
Authority: O.C.G.A. Sec. 33-2-9, Ch. 33-6.
History. Original Rule entitled "Underwriting Principles" adopted. F. July 18, 1972; eff. August 7, 1972.
Submitted for Publishing: Mar. 15, 2007.