California · Insurance Code

INS §758.7: An insurer, upon receiving notice from an insured, shall reimburse any fees and extra premium charged to an insured due to a late premium payment or a lapse in coverage under the policy if the late pa

Civil

What this law says, in plain English

Insurers must reimburse policyholders for late-payment fees and extra premiums if an agent or broker committed fraud causing the late payment or coverage lapse, upon meeting specified conditions regarding conviction, penalty, or guilty plea.

Read the full statutory text

An insurer, upon receiving notice from an insured, shall reimburse any fees and extra premium charged to an insured due to a late premium payment or a lapse in coverage under the policy if the late payment or lapse in coverage was the result of fraud committed by an agent or broker licensed pursuant to this code and one of the following has occurred: (a) The agent or broker has been convicted of fraudulent activity in court. (b) An administrative penalty has been imposed on the agent or broker for fraudulent activity. (c) The agent or broker has been charged with fraud in court or in an administrative action and has agreed to plead guilty to a lesser charge for the fraudulent activity of which he or she is accused.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.