California Financial Code 18567 – As used in this chapter, “finance charge” means any amount which the …
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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 charged by the insurer or producer, and exclusive of the cost of credit life insurance and attorney fees.
(Added by Stats. 1976, Ch. 964.)
Terms Used In California Financial Code 18567
- company: means a premium finance agency. See California Financial Code 18565
- insured: means the person who has purchased or arranged to purchase an insurance contract and who enters into a premium finance agreement with a premium finance agency. See California Financial Code 18562