(a) Each fund producer is a fiduciary as to all premiums, return premiums, or other money that the fund producer receives from any person in connection with a policy or policy application issued by, to be issued by, or bound in the Fund.
(b) Each fund producer shall deposit as trust money into an account for premiums all money received under subsection (a) of this section to be accounted for and paid over to the Fund as the law requires.
Structure Maryland Statutes
Title 20 - Maryland Automobile Insurance Fund
Subtitle 5 - Policies for Covered Vehicles
Section 20-501 - "Covered Vehicle" Defined
Section 20-502 - Eligibility Requirements for Policyholders
Section 20-503 - Contents of Policies
Section 20-504 - Add-on Coverage
Section 20-505 - Claims Against Fund -- Resolution; Recording of Relevant Conversations
Section 20-506 - Reserves for Payment of Claims
Section 20-507 - Determination, Collection, and Financing of Premiums; Installment Payment Plans
Section 20-508 - Effect of 3 Years Without Violation or Accident
Section 20-509 - Authority of Producers to Bind Coverage
Section 20-510 - Fiduciary Duties of Producer
Section 20-512 - Payment of Commission to Producer
Section 20-513 - Actions Against Producers -- in General
Section 20-514 - Actions Against Producers -- Notice and Hearing
Section 20-515 - Recovery of Money Owed to Fund
Section 20-516 - Grounds for Rejection or Cancellation of Insurance
Section 20-517 - Appeal of Rejection or Cancellation of Insurance
Section 20-518 - Effect of Driving Record on Insurability
Section 20-519 - Continuation of Coverage of Family Members on Exclusion of Policyholder