Oriental Farmers Food Corp. v. Agency Services, Inc.

McMURRAY, Presiding Judge.

Plaintiff Oriental Farmers Food Corporation entered into a premium finance agreement with defendant Agency Services, Inc. for the purpose of financing premiums for an insurance policy which included workers’ compensation coverage for a one-year period beginning December 1, 1995. The premium finance agreement provided for a down payment and nine monthly installment payments beginning December 15, 1995 and ending August 15, 1996. Plaintiff made timely payments through June 1996, but was late paying the last two installments. Acting under authority of a power of…