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.­ (updated Jan. 1, 1976; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 18630's source at ca​.gov