{"code":"FIN","codeName":"Financial Code","section":"18630","citation":"Fin. Code, § 18630","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 8. Insurance Premium Financing [18560. - 18643.]","url":"https://blackletter.si/financial-code/division-7/chapter-8"},{"name":"ARTICLE 4. Limitation on Finance Charges [18625. - 18631.]","url":"https://blackletter.si/financial-code/division-7/chapter-8/article-4"}],"history":"Added by Stats. 1976, Ch. 964.","effective":null,"html":"<p>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 <a href=\"/fin/18629\">18629</a>, and shall be paid to the insured within a reasonable time.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/limitation-on-finance-charges-18630","source":"California Legislative Information bulk export (pubinfo)"}