(815 ILCS 375/10) (from Ch. 121 1/2, par. 570)
Sec. 10.
If any insurance for which an amount is included in the
contract is cancelled, any unearned insurance refund exceeding one dollar
received or receivable by the holder or, if the amount included for
insurance in the contract exceeds the premiums paid or payable by the
holder, any unearned portion of the amount so included exceeding
one dollar shall be credited on the final maturing installments of the
contract except to the extent those amounts are applied toward payment for
similar insurance protecting the interests of the buyer and the holder or
either of them.
(Source: P.A. 90-437, eff. 1-1-98.)
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