Collection of insurance premium

Ind. Code § 21-16-4-8
in effect
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Sec. 8. The commission may collect an insurance premium of not more than one percent (1%) per annum of the principal amount of the loan. The premium must be calculated in accordance with federal regulations. [Pre-2007 Higher Education Recodification Citation: 20-12-21.1-2(11).] As added by P.L.2-2007, SEC.257.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026