§ 18630
71 words·~1 min read·
/ca/financial-code/18630A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.