SECTION 627.903. Premium finance cost specified.

Latest version.

1(1) 2When premium financing service charges or interest is included in the overall price or cost of insurance, the insurer, insurance agent, or agency shall separately state and identify the amount of service charges or interest to be paid for the financing of such premiums.
46(2) 47All service charges or interest shall be separately stated and identified in all invoices issued to the policyholder and in the records or accounts maintained by the insurer or corporation, as provided in s. 81627.902, 82or by the agent or agency.

History.-s. 2, ch. 63-16; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 615, 617, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318.

Bills Cite this Section:

None

Implemented Rule (1):

69O-136.011. Domestic Insurers Filing for a Certificate of Authority

Cited by Court Cases:

None

                    
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