California Insurance Code ARTICLE 5.8 - Premium Financing

• Section 778.
  As used in this article, “premium financing” means engaging in the business of advancing money, directly or indirectly, to an insurer or producer at the...
• Section 778.1.
  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...
• Section 778.2.
  (a) Any person engaged in business as an insurance agent or broker and who participates in the arrangement of a premium financing agreement shall, if he...
• Section 778.3.
  The amount of the periodic finance charges, if any, imposed for the premium financing purchased and the annual percentage rate associated with those charges shall...
• Section 778.4.
  (a) Every property broker-agent and every casualty broker-agent shall, prior to arranging premium financing for any new or renewal policy of insurance specified in Section 660,...

Last modified: October 22, 2018