All of the following statements are TRUE concerning Debtor Groups EXCEPT.

All of the following statements are TRUE concerning Debtor Groups EXCEPT
1. An insurer may exclude any debtors as to whom evidence of individual insurability is not satisfactory to the insurer.
2. The amount of insurance on the life of any debtor may exceed the greater of the scheduled or actual amount of unpaid indebtedness to the creditor.
3. The debtors eligible for insurance under the policy shall all be the debtors of the creditor(s).
4. The premium for the policy shall be paid either from the creditor’s funds, or from charges collected from the insured debtors, or from both.

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