Financial Code - FIN
DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000 - 18707]
( Division 7 repealed and added by Stats. 1976, Ch. 964. ) CHAPTER 8. Insurance Premium Financing [18560 - 18643]
( Chapter 8 added by Stats. 1976, Ch. 964. ) ARTICLE 1. Definitions [18560 - 18567]
( Article 1 added by Stats. 1976, Ch. 964. ) 18566.
As used in this chapter, “principal balance” means the difference between the amount of the premium and fees charged by the insurer or producer and the downpayment on the premium.
(Amended by Stats. 1985, Ch. 297, Sec. 3.)