California § 18628 - The finance charge may be computed from the effective date of the insurance cover
Full text of California Public Contract Code - PCC § 18628 — The finance charge may be computed from the effective date of the insurance cover, with citation guidance and answers to common questions.
§ 18628. The finance charge may be computed from the effective date of the insurance cover
The finance charge may be computed from the effective date of the insurance coverage, provided that the company shall pay the premium due the insurer, either: (a) Within 30 days from the effective date of the insurance coverage; or (b) Within 30 days after the receipt by the company of a proper premium finance agreement; or (c) Within 15 days after the company has mailed to the insured, notice of a revised finance agreement pursuant to Section 18606 whichever is later. If the conditions of subdivision (a), (b), or (c) are not met the finance charge shall be computed from the date the proceeds of the loan are forwarded to the insurer. In the event the company receives a proper premium finance agreement later than 60 days from the effective date of the policy financed, a proportioned adjustment of the finance charge shall be made after such 60-day period.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18628
What does Public Contract Code - PCC § 18628 cover?
Section 18628 ("The finance charge may be computed from the effective date of the insurance cover") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18628?
A common citation format is "Public Contract Code - PCC § 18628" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18628 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.