G.1a. Initial Premium Deposit for Private Passenger Nonfleet: $100 or 40% of the estimated premium, whichever is greater, for each private passenger auto. H. PRIVATE PASSENGER DEFERRED PAYMENT PLAN -- Three Payment Plan Insureds may choose to pay their insurance premium on installments. After payment of the premium deposit, the balance of premium may be paid in three equal payments. The first payment is due 60 days from the effective date of the policy or renewal. The second is due 90 days from the effective date of the policy or renewal. The third payment is due 120 days from the effective date of the policy or renewal. There will be a $5 service charge on each private passenger deferred payment.  (1) Once the deferred payment plan is selected, the installment charges are not returnable in whole or in part if the policy is cancelled for any reason or if the insured chooses to pay all remaining installments at one time. (2) All payments are due in the offices of the servicing carrier on or before the date indicated in the payment notices. Late payments will lead to cancellation of the insurance coverage. (3) Midterm policy premium adjustments will be incorporated into any remaining installments or billed directly as a separate item by the servicing carrier. (4) Premium refunds are made by the servicing carrier under all circumstances. New Applicants -- After the applicant has been placed with a company, the company will rate the policy and bill direct. If the initial premium deposit is equal to at least $100 per auto or 40% of the premium, whichever is greater, the applicant will be offered the payment options as described above. Forty-five days after coverage is in effect, insureds shall be advised that they may pay the remaining full premium balance or three equal installments. The full payment or first installment is due 60 days from the effective date of coverage, and the remaining two installments are due 90 and 120 days from the effective date of coverage. Renewals -- Not less than 30 days prior to expiration of the existing policy, the servicing carrier must notify the insured that the premium for the renewal policy must be paid prior to expiration of the existing policy. If the insured chooses the deferred payment plan, 40% of the premium is due on or before the policy renewal date with three installments of 20% due 60, 90, and 120 days from the effective date of the policy.