EFFECTIVE: June 1, 2008.

PREMIUM RATES for AUTO LOANS (not a Lease or Balloon Loan)

PREMIUM RATES for AUTO LEASES OR BALLOON LOANS:

UNDERWRITING RULES—

Maximum APR of the Auto Loan: 12.5%

Maximum Term: 84 Months for Auto Loans; 60 Months for Auto Leases/Balloon Loans

Enrollment Period: Loan/Lease can be enrolled coverage if financed with within last 12 months

Gap Coverage Limited To—

120% of MSRP (New Vehicles) or NADA Retail (Used Vehicles) plus 30% for Dealer Adds (like Service Contracts, Credit Life, etc.)

NOTE: A consumer who is financed above these levels certainly needs gap coverage; however in case of a claim, it’s likely the consumer will have some leftover gap deficiency to pay off.

Vehicle Age Limitation: Current Model Year minus 8 Years (2008 Model Year: Vehicle must 2000/newer).

Vehicles: Private passenger autos, trucks and vans. No heavy commercial-use vehicles; no livery or delivery type vehicles are eligible.

Maximum Loan Amount Financed: $100,000.

Vehicles Financed with Open-End Line of Credit or Revolving Credit are Not Eligible. No single payment of irregularly amortizing loan contracts.

To register follow the link below or for more information contact Jennifer Strauss, 1-800-533-9469, jennstrauss@leeandmason.com

If you are a registered agent please login to purchase your gap insurance policy. If you have not registered you must first register in order to purchase your gap insurance policy.