Financial Code section 18630

In the event that the insurance policy or policies which are the subject of a premium finance agreement are canceled by the insured or by the insurer, for any cause, the insured shall be entitled to receive a refund credit of the unearned finance charge. This refund credit shall be calculated in the same manner as prescribed in Section 18629, and shall be paid to the insured within a reasonable time.

Source: Section 18630, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18630. (accessed May 12, 2025).

18625
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18629
18630
18631

Last Updated

May 12, 2025

§ 18630’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18630

Original Source: Section 18630, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18630. (last accessed May 12, 2025).