Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 14. PREMIUM FINANCE COMPANIES |
Article 1. General Provisions |
Sec 6-1414. Splitting of premium finance agreement prohibited
Latest version.
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No agent or broker or premium finance company shall induce an insured to become obligated under more than one premium finance agreement for the purpose of obtaining a higher rate of interest than would otherwise be permitted by this chapter or obtaining more than one service charge.