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2017 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 8 - Insurance Premium Financing
ARTICLE 4 - Limitation on Finance Charges
Section 18630.
Universal Citation: CA Fin Code § 18630 (2017)
18630.
In the event that the insurance policy or policies which are the subject of a premium finance agreement are canceled by the insured or by the insurer, for any cause, the insured shall be entitled to receive a refund credit of the unearned finance charge. This refund credit shall be calculated in the same manner as prescribed in Section 18629, and shall be paid to the insured within a reasonable time.
(Added by Stats. 1976, Ch. 964.)
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