Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Monthly Ins Premiums - Consumer Protection - Disc.
Thread Options
#104835 - 08/08/03 04:26 PM Monthly Ins Premiums - Consumer Protection - Disc.
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
We are going to one of those monthly premium insurance products where the insurance company debit the customers acct. I'm "assuming" that both of those blasted Consumer Protection - Soliciation/Sales of Insurance disclosures are required. Any opinions?
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.

Return to Top
Lending Compliance
#104836 - 08/08/03 06:11 PM Re: Monthly Ins Premiums - Consumer Protection - Disc.
KSalberta Offline
100 Club
KSalberta
Joined: Jan 2003
Posts: 150
GA
Yes, it is required. IMO.

Return to Top
#104837 - 08/08/03 06:36 PM Re: Monthly Ins Premiums - Consumer Protection - Disc.
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,533
Bloomington, IN
I would agree. I don't recall any exemption for monthly premium vs. single premium. (However I haven't looked at this for awhile.)
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z