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(c) If the debtor fails to provide any required property insurance, the creditor may, but is not required to, purchase insurance insuring its interest only, or with the debtor's
written consent, insuring both the creditor's interest and the debtor's interest, and the
premium for the property insurance together with interest on the
premium at the
contract rate or other rate agreed to
in writing may be charged by the creditor to the debtor.
To implement a 25 % covered call strategy, the portfolio
writes call options on 100 ABC shares (one
contract) and receives $ 200
in premium.
Under s75 of the Insurance
Contracts Act you can request reasons
in writing about how your insurance
premium was calculated and why it was not renewed or why the
premium increased.
Generally, the Internal Revenue Code Section 7702 implicates to place limits on the orientation of the investment
in life insurance
contracts in two either ways, by imposing minimum amount of death benefits and by restricting the allowed
premium payment as
written and mandated
in the
contract or both.