Any insurance premium finance agreement may provide for the payment by the insured of a delinquency charge of not more than five per cent of any installment, due under such agreement, which is delinquent by five days or more after becoming due.
Conn. Gen. Stat. § 38a-169
(Formerly Sec. 38-299). Delinquency charge
(1971, P.A. 425, S. 10.) History: Sec. 38-299 transferred to Sec. 38a-169 in 1991.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.