Ga. Comp. R. & Regs. R. 120-2-27-.18 - Refunds
(1) In the event of
termination, no charge for credit insurance shall be made for the first 15 days
of a loan month and a full month may be charged for 16 days or more of a loan
month.
(2) If the debt is prepaid
by the debtor, the refund check or draft shall be made payable to the
debtor.
(3) The refund method must
be set forth in the group policy, rider, individual policy and certificate of
insurance.
(4) No refund of less
than $10.00 need be made.
Notes
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