As used in this chapter, unless the context otherwise requires:
(1) Commissioner means the commissioner of financial institutions;
(2) Licensee means a premium finance company holding a license issued under this chapter;
(3) Person means an individual, partnership, association, business corporation, nonprofit corporation, common law trust, joint-stock company or any other group of individuals however organized;
(4) Premium finance agreement means an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or producing agent in payment of premiums of an insurance contract, together with interest and a service charge as authorized and limited by this chapter; and
(5) 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.
As used in this chapter, unless the context otherwise requires:
(1) Commissioner means the commissioner of financial institutions;
(2) Licensee means a premium finance company holding a license issued under this chapter;
(3) Person means an individual, partnership, association, business corporation, nonprofit corporation, common law trust, joint-stock company or any other group of individuals however organized;
(4) Premium finance agreement means an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or producing agent in payment of premiums of an insurance contract, together with interest and a service charge as authorized and limited by this chapter; and
(5) 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.
As used in this chapter, unless the context otherwise requires:
(1) Commissioner means the commissioner of financial institutions;
(2) Licensee means a premium finance company holding a license issued under this chapter;
(3) Person means an individual, partnership, association, business corporation, nonprofit corporation, common law trust, joint-stock company or any other group of individuals however organized;
(4) Premium finance agreement means an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or producing agent in payment of premiums of an insurance contract, together with interest and a service charge as authorized and limited by this chapter; and
(5) 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.
