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.
Structure Kansas Statutes
Article 26 - Insurance Premium Financing
40-2603 Act inapplicable, when.
40-2604 Licensure; violation, penalty; continuation, fee; application; authority of commissioner.
40-2605 Investigation by commissioner; issuance of license.
40-2606 Revocation or suspension of license, grounds; hearing; other penalties.
40-2607 Records required to be maintained; examination; fees and expenses; duration.
40-2608 Rules and regulations.
40-2609 Premium finance agreement.
40-2610 Service charges; computation; maximum; refund on prepayment.
40-2612 Cancellation of insurance contracts, when; notice; duty of insurer; refund.