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November 05, 2024 Clouds | 50°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 175 INSURANCE
  5. Section 193B1/2 Motor vehicle insurance; interest charges on installment payments

Section 193B1/2

Section 193B1/2: Motor vehicle insurance; interest charges on installment payments

Section 193B1/2. Any insurance company which accepts payments of motor vehicle insurance premiums in installments shall calculate the interest charge only on the unpaid balance due as of the billing date.