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Consumer Protection in Insurance - Not for Businesses

Answered by: 

Question: 
For the new rules on Consumer Protection Insurance Sales, if a business loan is made and credit life is offered to the owner, does the disclosure requirement apply?
Answer: 

No. These rules are for consumer protection, as the name implies.

First published on BankersOnline.com 6/17/02

First published on 06/17/2002

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Filed under lending as: 

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