§ 23-406. Limitation on collection after cancellation

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Whenever an insurance contract is canceled in accordance with this subtitle, the premium finance company may not collect from an insured an amount due under the premium finance agreement that is less than $ 5.

HISTORY: An. Code 1957, art. 48A, § 486G; 1996, ch. 11; 1997, ch. 708.

                    
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