Final answer:
The statement mentioned refers to a law or regulation limiting the interest rate or percentage used in financial transactions, specifically in selling insurance policies, to no more than 12%. It is meant to protect consumers and ensure fair and stable market practices.
Step-by-step explanation:
The blank in the statement '_____ ______ = No Rate Greater Than 12% Can Be Used In Selling Policies' most likely refers to a regulation or law that stipulates a maximum interest rate or percentage that can be charged or promised in certain financial transactions, such as the selling of insurance policies. This type of regulation is typically established to protect consumers from excessive rates and is a common aspect of finance-related consumer protection laws.
In finance and insurance businesses, there are laws designed to prevent predatory lending practices by capping interest rates on loans and returns on insurance policies. These regulations are in place not only to ensure fair practices but also to maintain market stability. A company found violating these regulations could face legal penalties.
If this statement is part of a law or policy document, it serves as a directive to those selling insurance policies that they are not allowed to use a rate above 12% for their financial calculations or marketing materials, whether it be for interest, returns, or any other financial gains associated with policy sales.