Rule 38-3-6.2 - Nonacceptance of the Purchaser's Application A prospective Contract Purchaser may be denied the right to enter into an MPACT Contract:
A. If the Purchaser does not meet the qualifications set forth in Chapter;B. If the MPACT Contract violates local, state, or federal laws;C. If the proposed Beneficiary is not a Qualified Beneficiary in accordance with Chapter 7;D. If the Board determines that it is advisable to limit the number of MPACT Contracts;E. If the Contract Purchaser fails to submit the MPACT Application during an official MPACT Enrollment Period;F. If the Contract Purchaser fails to submit the Application Processing Fee;G. If the Contract Purchaser submits an Application with incomplete information; orH. Such other reasons as may be determined by the State Treasurer or the Board. Miss. Code Ann. § 37-155-9 (Rev. 2003).