31.13.03.22

.22 Effective Date.

A. An individual policy, group policy, or group certificate of credit involuntary unemployment benefit insurance not in conformity with this chapter may not be issued or continued to be used in connection with any loan made on or after the effective date of this chapter.

B. A premium in excess of that permitted by these regulations may not be charged for credit involuntary unemployment benefit insurance, and a commission or other form of benefit may not be paid to insurance producers or creditors in excess of the premium and commission rates permitted under this chapter for credit involuntary unemployment benefit insurance which is issued in connection with any loan made on or after the effective date of this chapter.