California Financial Code ARTICLE 3 - Provisions of Premium Finance Agreements

• Section 18605.
  A premium finance agreement shall be in writing and the printed portion thereof shall be in at least eight-point type. The agreement shall set forth:1. The...
• Section 18606.
  A premium finance agreement shall not be executed by or on behalf of the insured when it contains any blank space to be filled in...
• Section 18607.
  Upon receipt of the loan form the company shall promptly mail to the insured at the address shown in the agreement, or deliver to the...
• Section 18608.
  (a) A premium finance agreement may contain a power of attorney or other authority enabling the company to cancel the insurance contract or contracts listed in...
• Section 18609.
  All statutory, regulatory and contractual restrictions providing that the insured or the insurer shall not cancel the insurance contract unless the insured or the insurer...
• Section 18610.
  The insurer within a reasonable time after the effective date of cancellation shall return whatever gross unearned premiums or accrued dividends are payable under the...
• Section 18611.
  At the time of mailing the notice required by Section 18606 or 18608, the employee of the company who is doing the mailing shall prepare...

Last modified: October 22, 2018