Written Agreement to Charges — Contents of Contract

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In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain:

  1. The cash price of the insurance policy or bond and the amount of the initial payment, if any;
  2. The difference between the two (2), if any;
  3. The principal balance owed;
  4. The amount of the time-price differential; and
  5. The time balance owed by the buyer.


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