Other Refunds

Other Refunds. Refunds for reasons or circumstances other than those stipulated above in Rules 3.1, 3.2, 3.3, 3.4 and 3.5 may only be made to the Purchaser upon written request by the Purchaser after submission of all documentation required by the State Treasurer to substantiate the refund request, and after payment of the required Administrative Fee(s). The Purchaser will be entitled to a refund equal to the Redemption Value of the Contract. A refund under this rule will not include credit hours or Mandatory Fees paid by the Trust Fund on behalf of the Qualified Beneficiary prior to the time of refund. A Cancellation Fee will also be charged.