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 Protection and Innovation
Division of Corporations and Financial Institutions

One Sansome Street, Suite 600
San Francisco, CA 94104-4428

Phone: (415) 263-8500
Fax: (415) 288-8830
E-mail: licensing@dfpi.ca.gov

Applying Premium Finance Agency License

See Form 1815 in Premium Finance Companies Forms.

Reporting Requirements

The quarterly unaudited financial statements are due at the call of the Administrator in accordance with California Financial Code §18407. The annual audited report is due in accordance with California Financial Code §18405. Due dates for future reports are below.

Quarterly Unaudited Financial Report

As of Close of Business:Received No Later Than:
March 31, 2018April 30, 2018
June 30, 2018July 30, 2018
September 30, 2018 October 30, 2018
December 31, 2018 January 30, 2019

Annual Audited Report

As of Close of Business:Received No Later Than:
December 31, 2018 March 15, 2019

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Last updated: Sep 28, 2022 @ 6:26 pm