A premium finance company, or an insurance producer, if applicable, may not require an insured or prospective insured to purchase or finance add-on coverage, as defined in ยง 20-504 of this article, as a condition of financing the premium for an insurance contract issued by the Maryland Automobile Insurance Fund.
Structure Maryland Statutes
Subtitle 5 - Prohibited Acts; Penalties
Section 23-501 - Maif Add-on Coverage as Condition of Financing Premium
Section 23-502 - Splitting Fees
Section 23-503 - Inducement to Obtain Multiple Initial Service Fees
Section 23-504 - Excess Charges
Section 23-505 - Failure to Pay Delinquency and Collection Charge