California Financial Code ARTICLE 1 - Definitions

• Section 18560.
  “Premium finance agency” means any industrial loan company incorporated under this division which, by the terms of its authority to engage in the industrial loan...
• Section 18561.
  Such terms relating to insurance as are used in this chapter shall have the meaning ascribed to them in the Insurance Code and in the...
• Section 18562.
  As used in this chapter, “insured” means the person who has purchased or arranged to purchase an insurance contract and who enters into a premium...
• Section 18563.
  As used in this chapter, “premium financing” means the activities of a company engaging in the business of advancing money directly or indirectly to an...
• Section 18564.
  As used in this chapter, “premium finance agreement” means a loan contract, note, agreement or obligation by which an insured agrees to pay to a...
• Section 18565.
  As used in this chapter, “company” means a premium finance agency.(Added by Stats. 1976, Ch. 964.)
• Section 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...
• Section 18567.
  As used in this chapter, “finance charge” means any amount which the insured agrees to pay the company in excess of the premium and fees...

Last modified: October 22, 2018