Filing of a premium finance agreement is not needed to perfect the validity of the premium finance agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrancers, trustees in bankruptcy or any other insolvency proceeding under any law, or anyone having the status or power of any of those persons, their successors, or assigns.
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