California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2 — Mortgage, Article 2 — Mortgage of Real Property, Section 2954.65
Within 30 days after notice of cancellation from the insured, a private mortgage insurer or mortgage guaranty insurer shall, if the policy is cancellable, refund the remaining portion of the unused premium to the person or persons designated by the insured.
Notes
Requires a private mortgage insurer or mortgage guaranty insurer, when a policy is cancellable, to refund the unused portion of the premium within 30 days after receiving the insured’s cancellation notice. The refund must be paid to the person or persons designated by the insured in the cancellation notice.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2954.65 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2/article-2/section-2954-65