Premium Finance Companies

Under the California Industrial Loan Law, (California Financial Code Section 18000 et. seq.), a special type of license is available for the purpose of financing premiums for insurance policies. The permissible activities for these companies are limited to advancing money directly or indirectly to an insurer or producer at the request of an insured pursuant to the terms of a premium finance agreement. Under the Industrial Loan Law, premium finance agencies are required to form a California corporation or amend the articles of an existing California Corporation for the specific purpose of engaging in the business of financing insurance premiums.

How To Reach Us

Department of Financial Institutions
1810 13th Street
Sacramento, CA 95811
Phone: (916) 323-7013
Fax: (916) 323-3024
E-mail: Patrick Lum, Patrick.Lum@dfi.ca.gov