11 N.C. Admin. Code 12.0708

Current through Register Vol. 39, No. 13, January 2, 2025

Section 12 .0708 - AMOUNT/CREDIT LIFE INSURANCE/TRANSACTIONS OF GREATER THAN 120 MONTHS DURATION

For transactions of greater than 120 months in duration, the initial amount of credit life insurance shall not exceed the amount of contractural indebtedness.

11 N.C. Admin. Code 12 .0708

Authority G.S. 58-2-40; 58-57-15;
Eff. May 1, 1989;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.

Authority G.S. 58-2-40; 58-57-15;
Eff. May 1, 1989.