§ 12–304
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 12-304 (2026)
Title 12. Policy Forms and Provisions
Subtitle 3. Property and Motor Vehicle Liability Insurance
§ 12–304LinkCopy Citation
(a)
If an insurer issues and delivers a policy to a lender on property of a borrower that has been pledged, mortgaged, or is subject to a conditional contract of sale, the insurer must issue a certificate to the borrower or owner of the property in accordance with subsection (b) of this section.
(b)
The certificate issued under this section shall set forth:
(1)
the coverages provided in the policy;
(2)
the amount of premium charged for the policy;
(3)
the date the policy takes effect; and
(4)
the date the policy expires.