Revised Code of Washington
Chapter 48.22 - Casualty Insurance.
48.22.130 - Vendor single-interest or collateral protection coverage—Canceled or discontinued—Premium refund.

RCW 48.22.130
Vendor single-interest or collateral protection coverage—Canceled or discontinued—Premium refund.

If vendor single interest or collateral protection coverage is canceled or discontinued under RCW 48.22.125 (1) or (2), the amount of unearned premium must be refunded to the borrower. At the option of the secured party, this refund may take the form of a credit against the borrower's obligation to the secured party. If the refund is taken as a credit against the borrower's obligation to the secured party, the secured party shall provide the borrower with an itemized statement that indicates the amount of the credit and where the credit has been applied.

[ 1994 c 186 § 5.]
NOTES:

Effective date—1994 c 186 §§ 1-5: See note following RCW 48.22.110.

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Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.22 - Casualty Insurance.

48.22.005 - Definitions.

48.22.020 - Assigned risk plans.

48.22.030 - Underinsured, hit-and-run, phantom vehicle coverage to be provided—Purpose—Definitions—Exceptions—Conditions—Deductibles—Information on motorcycle or motor-driven cycle coverage—Intended victims.

48.22.040 - Underinsured motor vehicle coverage where liability insurer is insolvent—Extent of coverage—Rights of insurer upon making payment.

48.22.050 - Market assistance plans.

48.22.060 - Debt and financing coverage.