(a) If an insurer issues and delivers a policy to a lender on property of a borrower that has been pledged, mortgaged, or is subject to a conditional contract of sale, the insurer must issue a certificate to the borrower or owner of the property in accordance with subsection (b) of this section.
(b) The certificate issued under this section shall set forth:
(1) the coverages provided in the policy;
(2) the amount of premium charged for the policy;
(3) the date the policy takes effect; and
(4) the date the policy expires.
Structure Maryland Statutes
Title 12 - Policy Forms and Provisions
Subtitle 3 - Property and Motor Vehicle Liability Insurance
Section 12-301 - Insurable Interest in Property Required
Section 12-302 - Guardian Authorized to Insure Minor's Property
Section 12-303 - Effect of Death of Insured
Section 12-304 - Certificate on Property of Borrower
Section 12-305 - Motor Vehicle Liability Insurance -- Mandatory Settlement of Property Damage Claim
Section 12-306 - Motor Vehicle Liability Insurance -- Effect of Settlement of Property Damage Claim