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2016 Statute



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40-2611.Delinquency charge. A premium finance agreement may provide for the payment by the insured of a delinquency charge of $5 plus an amount not to exceed 2% of the delinquent installment on any installment which is in default for a period of five days or more.

History: L. 1968, ch. 287, § 11; L. 1991, ch. 136, § 4; July 1.



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2017. Powered by KLISS. Rendered: 2017-11-12T19:06:31. Head Rev No: 336904