California Statutes
§ 18588. — 18588. (Added by Stats. 1976, Ch. 964.)
California § 18588.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 8.CHAPTER 8. Insurance Premium Financing
Art. 2.ARTICLE 2. General
This text of California § 18588. (18588. (Added by Stats. 1976, Ch. 964.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 18588. (2026).
Text
Unless the insured has notice of the assignment of a premium finance agreement, payment thereunder by him to the last known assignee of the agreement shall be binding upon all subsequent assignees.
Assignment of the premium finance agreement shall not cut off any defenses which the insured would have against the company or an assignee of the agreement arising from obligations imposed by this division.
The obligations and rights of a premium finance agency, under this chapter, shall also apply to the assignee of a premium finance agreement.
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Legislative History
Added by Stats. 1976, Ch. 964.
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Bluebook (online)
California § 18588., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18588..