In addition to financing the premium of a surplus lines insurance contract, a premium finance agreement may include any:
(1) premium receipts tax that a surplus lines broker is required to charge under § 3-324 of this article and pay to the Commissioner under § 3-325 of this article;
(2) policy fee that a surplus lines broker is allowed to charge under § 27-216 of this article; and
(3) inspection fee that a surplus lines broker is allowed to charge under § 27-216 of this article.
Structure Maryland Statutes
Subtitle 3 - Premium Finance Agreements; Charges and Fees
Section 23-301 - Requirements for Premium Finance Agreements
Section 23-301.1 - Additional Inclusions
Section 23-301.2 - Assignment of Rights; Use as Collateral
Section 23-302 - Copies of Premium Finance Agreements
Section 23-302.1 - Financing Additional Premium
Section 23-302.2 - Notice of Additional Premium
Section 23-303 - Maximum Charges
Section 23-304 - Finance Charge
Section 23-305 - Initial Service Fee
Section 23-306 - Delinquency and Collection Charge
Section 23-307 - Cancellation Charge; Reinstatement Charge
Section 23-307.1 - Electronic Payment Fee
Section 23-308 - Dishonored Check Fee
Section 23-309 - Fee for Obtaining Clue Report
Section 23-310 - Perfection of Premium Finance Agreement as Secured Transaction