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2021 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 8 - Insurance Premium Financing
ARTICLE 1 - Definitions
Section 18566.
Universal Citation: CA Fin Code § 18566 (2021)
18566.
As used in this chapter, “principal balance” means the difference between the amount of the premium and fees charged by the insurer or producer and the downpayment on the premium.
(Amended by Stats. 1985, Ch. 297, Sec. 3.)
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