Whenever an insurance contract is canceled in accordance with this subtitle, the premium finance company may not collect from an insured an amount due under the premium finance agreement that is less than $5.
Structure Maryland Statutes
Subtitle 4 - Cancellation of Insurance Contract Under Power of Attorney
Section 23-401 - Compliance With Subtitle Required
Section 23-401.1 - Notice to Insured
Section 23-402 - Notice of Intent to Cancel
Section 23-403 - Cancellation of Insurance Contract
Section 23-403.1 - Effect of Dishonored Down Payment
Section 23-404 - Notice to Third Parties of Cancellation
Section 23-405 - Return of Premium After Cancellation
Section 23-406 - Limitation on Collection After Cancellation