1. (a) The actual premium rates, as defined in Ins 1201.03(b), established by this part for credit unions, commercial and savings banks, finance companies, motor vehicle dealers, and other sales finance shall be as set forth in the following table 1200-2:

   Table 1200-2 Actual Premium Rates

   Credit Unions

   Commercial & Savings Banks

   Finance Companies

   Motor Vehicle Dealers

   Other Sales Finance (including non-bank revolving charge accounts)

   Actual Premium Rate Factor for All Plans of Credit Life Insurance

   .694

   1.034

   .741

   .526

   .937

   Single Premium Decreasing Credit Life – Single Life Coverage

   $.327 per $100 for credit transactions of 12 months in duration

   $.488 per $100 for credit transactions of 12 months in duration

   $.349 per $100 for credit transactions of 12 months in duration

   $.247 per $100 for credit transactions of 12 months in duration

   $.441 per $100 for credit transactions of 12 months in duration

   Outstanding Balance Decreasing Credit Life – Single Life Coverage

   $.514 per $1000 per month

   $.765 per $1000 per month

   $.549 per $1000 per month

   $.389 per $1000 per month

   $.694 per $1000 per month

   Actual Premium Rate Factor for All Plans of Credit Accident and Health Insurance

   .618

   .759

   1.014

   .509

   .494

   Credit Accident and Health – Single Premium – 14 DAY RETRO

   $1.210 per $100 for credit transactions of 12 months in duration

   $1.487 per $100 for credit transactions of 12 months in duration

   $1.987 per $100 for credit transactions of 12 months in duration

   $0.997 per $100 for credit transactions of 12 months in duration

   $0.967 per $100 for credit transactions of 12 months in duration

2. (b) The nominal premium rates shown in Ins 1201.08 or Ins 1201.09 shall be used as the actual premium rates for any class of business not named in the above table.

Source. #7146, eff 4-1-00, EXPIRED: 4-1-08 New. #9611, eff 1-4-10; ss by #12474, eff 2-2-18