2019 California Code
Financial Code - FIN
DIVISION 13 - PREMIUM FINANCING
Section 29002.

Universal Citation: CA Fin Code § 29002 (2019)
29002.  

As used in this division, “premium finance agreement” means a loan contract, note, agreement, or obligation by which an insured agrees to pay to a lender in installments the principal amount advanced by the lender to an insurer or producer in payment of premium on an insurance contract or contracts, plus charges, with the assignment, as security therefor, of the unearned premiums, accrued dividends, or loss payments.

(Added by Stats. 1971, Ch. 1103.)

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