Non-Acceptance of the Purchaser’s Application

Non-Acceptance of the Purchaser’s Application. A prospective Contract Purchaser may be denied the right to enter into an MPACT Contract: A. If the Purchaser does not meet the qualifications set forth in Rule 8.1; B. If the MPACT Contract violates local, state, or federal laws; C. If the proposed Beneficiary is not a Qualified Beneficiary in accordance with Chapter 9; D. If the Board determines that it is advisable to limit the number of MPACT Contracts; E. If the Contract Purchaser fails to submit the MPACT Application during an official MPACT Enrollment Period; F. If the Contract Purchaser fails to submit the Application Processing Fee; G. If the Purchaser has requested or accepted any form of compensation, fee, commission, service charge or any other form of payment or remuneration for entering into a Contract for the benefit of a nonresident Beneficiary; H. If the Contract Purchaser submits an Application with incomplete information; or I. Such other reasons as may be determined by the State Treasurer or the Board.