Illinois Statutes Chapter 215. Insurance § 5/513a9. Premium finance agreement

(1) the total amount of the premiums;

(2) the amount of the down payment;

(3) the principal balance (the difference between items (1) and (2));

(4) the amount of the finance charges expressed in dollars and as an annual percentage rate;

(5) the balance payable by the insured (sum of items (3) and (4));

(6) the number of installments, the due dates thereof, and the amount of each installment expressed in dollars; and

(7) the policy numbers or binder numbers.

(1) deliver or mail the premium check or checks in the amount of the principal balance directly to the insurer or insurers unless the insurer or insurers have given written authority to the premium finance company to deliver the checks to the producer;

(2) issue the premium check or checks payable to the insurer, insurers, or, if the insurer gives written authority to the premium finance company, to the producer; and

(3) properly identify the premium check or checks by policy number or binder number when the premium is paid to the insurer or insurers.

(1) deliver or mail the premium check or checks in the amount of the principal balance directly to the producer; and

(2) issue the premium check or checks payable to the producer.