Section 18607 Of Article 3. Provisions Of Premium Finance Agreements From California Financial Code >> Division 7. >> Chapter 8. >> Article 3.
18607
. Upon receipt of the loan form the company shall promptly
mail to the insured at the address shown in the agreement, or deliver
to the insured personally, either a notice to the effect that the
application for a loan is rejected or a copy of the agreement,
thereby signifying acceptance by the company, or if the agreement
contained any blank space when it was executed by or on behalf of the
insured and such blank space was subsequently filled in, a copy of
the agreement as so filled in and the insured shall in such event
have 10 days in which to disaffirm his obligation under the premium
finance agreement by giving written notice thereof to the producer
and the company. In the event the agreement is not disaffirmed by the
insured, the agreement shall be as binding an obligation of the
insured as if the agreement were complete on its face when it was
executed.