Rule 38-2-8.2 - Non-Acceptance of the Purchaser's Application A prospective Contract Purchaser may be denied the right to enter into an MPACT Contract:
A. If the Purchaser does not meet the qualifications set forth in Rule 8.1;B. If the MPACT Contract violates local, state, or federal laws;C. If the proposed Beneficiary is not a Qualified Beneficiary in accordance with Chapter 9;D. If the Board determines that it is advisable to limit the number of MPACT Contracts;E. If the Contract Purchaser fails to submit the MPACT Application during an official MPACT Enrollment Period;F. If the Contract Purchaser fails to submit the Application Processing Fee;G. If the Purchaser has requested or accepted any form of compensation, fee, commission, service charge or any other form of payment or remuneration for entering into a Contract for the benefit of a nonresident Beneficiary;H. If the Contract Purchaser submits an Application with incomplete information; orI. Such other reasons as may be determined by the State Treasurer or the Board.Miss. Code Ann. § 37-155-9 (Rev. 2003).