A licensee may make more than one insurance premium finance loan agreement with the same insured. However, no licensee shall induce or permit any person to be obligated directly or indirectly under more than one insurance premium finance agreement concurrently, for the purpose of obtaining a higher authorized charge than would otherwise be permitted.

Source Note: The provisions of this §25.45 adopted to be effective May 17, 1995, 20 TexReg 3337.