Group policy or group certificate of mortgage insurance to be filed with and approved by director.

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No group policy or group certificate of mortgage insurance used in connection with a consolidation, nor any application, endorsement, or rider which becomes a part of any such group policy or certificate, may be issued or delivered in this State until a copy of the form has been filed with and approved by the director or his designee.

HISTORY: 1988 Act No. 382, Section 2; 1993 Act No. 181, Section 834.


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