§ 49-4-102. Plans Subject to Law
Any educational cooperative plan or scholarship plan shall be deemed a plan subject to this part if the principal features of the plan consist of: Participation by a specific person based on contributions made on behalf of that person; and Qualification for participation in whole or in part based upon amount and duration of the […]
§ 49-4-103. Regulation of Plans
The commissioner is authorized to regulate the operation and administration of any plan or plans, as provided in this section, and to adopt and promulgate reasonable regulations as necessary to the exercise of the powers vested in the commissioner. In the adoption of regulations, the commissioner shall give paramount consideration to the safeguarding of funds […]