California § 778.1. 778.1. (Added by Stats. 1971, Ch. 1103.)

California Statutes

§ 778.1. — 778.1. (Added by Stats. 1971, Ch. 1103.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 1. CHAPTER 1. General Regulations·Art. 5.8. ARTICLE 5.8. Premium Financing

As used in this article, “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.

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As used in this article, “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.

California § 778.1. (778.1. (Added by Stats. 1971, Ch. 1103.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.