2012 Revised Code of Washington
Title 48 - INSURANCE
48.56 Insurance premium finance company act.
48.56.120 Cancellation of insurance contract -- Return of unearned premiums.
RCW 48.56.120 Cancellation of insurance contract — Return of unearned premiums.
(1) Whenever a financed insurance contract is canceled, the insurer shall return whatever gross unearned premiums are due under the insurance contract to the premium finance company for the account of the insured or insureds.
(2) In the event that the crediting of return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund such excess to the insured: PROVIDED, That no such refund shall be required if it amounts to less than one dollar.
[1969 ex.s. c 190 § 12.]
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