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Insurance Premium Finance Companies

An insurance premium finance company is a person engaged in the business of entering into agreements by which an insured or prospective insured promises to pay to an insurance premium finance company the amount advanced or to be advanced under the agreement to an insurance company or to an insurance producer in payment of premiums and related loss prevention services of an insurance contract together with interest and a service charge as authorized and limited by the Insurance Premium Finance Company Act.





  • Initial Fee - $200
  • Renewal Fee - $200