HAR §16-6-14

HAR §16-6-14. Collection and remittance of premiums

Last amended: 1988Length: 73 wordsOfficial source

Cite as Haw. Code R. § 16-6-14

If the creditor adds identifiable insurance charges or premiums for credit insurance to the indebtedness, and any direct or indirect finance, carrying, credit, or service charge is made to the debtor on such insurance charges or premiums, the creditor must remit and the insurer shall collect on a single premium basis only. [Eff 6/22/81; comp 12/16/88] (Auth: HRS §§431:2-201, 431:10B-113) (Imp: HRS §431:10B-108) SUBCHAPTER 4 SUPERVISION OF CREDIT INSURANCE OPERATIONS AND PROHIBITED TRANSACTIONS