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§27-29-13.1  Late Payment Of Premium. –

Published: 2015

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Unfair Competition and Practices

SECTION 27-29-13.1

   § 27-29-13.1  Late payment of premium.


An insurer may levy and collect a maximum fee or charge of ten dollars ($10.00)

for any late payment of premium by a policyholder for any property, casualty,

fire and marine or liability policy of insurance. A late fee may not be imposed

unless payment is received more than five (5) business days following the date

payment is due.

History of Section.

(P.L. 2005, ch. 69, § 1; P.L. 2005, ch. 79, § 1.)