I don't think there would be a prohibition. You might have more of a fight that you normally enjoy adding VSI if the borrower claims insurance wasn't needed because he was gone and the car was on blocks, etc... But maintaining insurance is a condition of the loan, not an attempt at collection or imposing a fee of some sort to make up for any reduced interest rate.
You would have a similar issue if it was a mortgage. If there was flood coverage that lapsed, you'd have to force place that as well.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell