Sec. 38a-169. (Formerly Sec. 38-299). Delinquency charge.
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/ct/title-38a/chapter-698-insurers/38a-169·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any insurance premium finance agreement may provide for the payment by the insured of a delinquency charge of not more than five per cent of any installment, due under such agreement, which is delinquent by five days or more after becoming due.