There is a newer version of the District of Columbia Code
2016 District of Columbia Code
Title 31 - Insurance and Securities. §§ 31-101 - 31-6209
Chapter 11 - Insurance Premium Finance Companies. §§ 31-1101 - 31-1112
§ 31–1110. Delinquency charges.
DC Code § 31–1110 (2016) What's This?
A premium finance agreement may provide for the payment by the insured of a delinquency charge of $1 to a maximum of 5% of the delinquent installment which is in default for a period of 5 days or more.
(Oct. 9, 1940, ch. 792, ch. III, § 60; Apr. 18, 1966, 80 Stat. 126, Pub. L. 89-403, § 1; Nov. 15, 1983, D.C. Law 5-40, § 2(b), 30 DCR 4994.)
Prior Codifications1981 Ed., § 35-1560.
1973 Ed., § 35-1370.
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