Section 193B1/2: Motor vehicle insurance; interest charges on installment payments
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/ma/part-i/title-xxii/chapter-175/193b1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 193B1/2. Any insurance company which accepts payments of motor vehicle insurance premiums in installments shall calculate the interest charge only on the unpaid balance due as of the billing date.