HARRY HUGHES, Governor

1313

(7) "CASE" MEANS AN ACCOUNT OR, AT THE OPTION OF
THE INSURER, A COMBINATION OF SOME OR ALL OF THE INSURER'S
ACCOUNTS WRITTEN UNDER AN IDENTICAL PLAN OF BENEFITS WHERE
THE PREMIUMS FOR ANY CASE, WHETHER CONSISTING OF ONE OR MORE
ACCOUNTS, EXCEED OR MAY REASONABLY BE EXPECTED TO EXCEED
$50,000 IN ANY POLICY YEAR.

(8) "CLASS OF BUSINESS" MEANS ANY ONE OF THE

FOLLOWING:

MADE BY BANKS;

(I) CASH LOANS NOT SECURED BY REAL ESTATE

(II)   CASH LOANS MADE BY CREDIT UNIONS;

(III)   CASH LOANS NOT SECURED BY REAL
ESTATE MADE BY CREDITORS OTHER THAN BANKS AND CREDIT UNIONS;

(IV) CASH LOANS SECURED BY REAL ESTATE

MADE BY BANKS;

(V)   CASH LOANS SECURED BY REAL ESTATE MADE
BY CREDITORS OTHER THAN BANKS;

(VI)   PRODUCTION CREDIT ASSOCIATION AND
OTHER AGRICULTURAL LOANS;

(VII) INSTALLMENT SALES FINANCE CONTRACTS;

OR

(VIII) REVOLVING CHARGE AGREEMENTS, CREDIT
CARD ACCOUNTS, AND OTHER OPEN-END CREDIT.

(9)   "EXPERIENCE PERIOD" MEANS 2 CALENDAR YEARS
OR, AT THE OPTION OF THE INSURER, 2 POLICY YEARS UNDER A
GROUP POLICY ISSUED TO ONE CREDITOR.

(10)   "LOSS RATIO" MEANS THE RATIO OF INCURRED
CLAIMS TO PREMIUMS EARNED.

436H.

(G) FOR THE PURPOSE OF ASSURING THAT THE CREDIT LIFE
AND CREDIT HEALTH INSURANCE OPERATIONS OF THE INSURER DO NOT
RESULT IN RATES WHICH ARE EXCESSIVE IN RELATION TO BENEFITS,
DO NOT ENDANGER THE SOLVENCY OF THE INSURER SO AS TO RENDER
ITS TRANSACTION OF BUSINESS HAZARDOUS TO ITS POLICYHOLDERS
OR THE PUBLIC, AND DO NOT ADVERSELY AFFECT OTHER CLASSES OF
BUSINESS OF THE INSURER, THE COMMISSIONER MAY ESTABLISH:

(1) MAXIMUM RATES OF COMMISSION WHICH MAY BE
PAID TO AGENTS OR BROKERS, BUT THE MAXIMUM RATE MAY NOT BE

LESS THAN 30 PERCENT OF THE PREMIUM FOR AN AGENT WHO IS NOT

ADDITIONAL TO BE PAID TO AN AGENT WHO IS A GENERAL AGENT;

AND