Premium finance company definition
Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured under the terms of a premium finance agreement, including but not limited to, loan contracts, notes, agreements or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loss payments as security for such advancement in payment of premiums on insurance policies only, but does not include the financing of insurance premiums purchased in connection with the financing of goods or services.
Premium finance company means a person engaged in the business of entering into premium finance agreements with in- sureds or of acquiring such premium finance agreements from insurance producers or other premium finance companies. [1969 c.639
Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured pursuant to the terms of a premium finance agreement, including but not limited to loan contracts, notes, agreements or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loss payments
Examples of Premium finance company in a sentence
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More Definitions of Premium finance company
Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured under the terms of a premium finance agreement, including but not limited to,
Premium finance company means any person engaged in the business of financing insurance premiums, of entering into premium finance agreements with insureds, or of acquiring premium finance agreements.
Premium finance company means a person engaged in whole or in part in the business of financing insurance premiums, entering into premium finance agreements with insureds or otherwise acquiring premium finance agreements from insurance producers or other premium finance companies.
Premium finance company means a premium finance agency or premium finance company (i) license pursuant tot his state’s premium finance company or agency licensing requirements; (ii) exempt from this state’s licensing requirements; or (iii) otherwise not required to be license pursuant to this state’s licensing requirements.
Premium finance company means a person engaged in the business of entering into premium finance agreements with in-
Premium finance company means a person engaged in the business of entering into premium finance agreements or acquiring premium finance agreements from other premium finance companies.