Maryland Statutes
Subtitle 5 - Policies for Covered Vehicles
Section 20-512 - Payment of Commission to Producer

(a)    Except as provided in subsection (b) of this section, the Fund shall pay to a fund producer of a policyholder to whom a policy is issued a commission:
        (1)    for private passenger auto insurance issued by the Fund, at a rate determined by the Fund but not less than 10% and not to exceed 15% of the total premium; and
        (2)    for any other insurance issued by the Fund, at a rate determined by the Fund but not to exceed 10% of the total premium.
    (b)    The Fund may not pay a commission:
        (1)    on a fully earned basis;
        (2)    if a prospective insured fails to qualify under § 20–502 of this subtitle; or
        (3)    if a prospective insured’s initial payment to the Fund, a fund producer, or premium finance company is not honored.
    (c)    If a policy issued by the Fund is canceled, the Fund shall refund any unearned commissions.

Structure Maryland Statutes