18566. As used in this chapter, 'principal balance' means the difference between the amount of the premium and fees charged by the insurer or producer and the downpayment on the premium.(Amended by Stats. 1985, Ch. 297, Sec. 3.)
California Legal Code
§ 18566
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=7.&title=&part=&chapter=8.&article=1.· Version 2026