§ 20–512
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 20-512 (2026)
Title 20. Maryland Automobile Insurance Fund
Subtitle 5. Policies for Covered Vehicles
§ 20–512LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, the Fund shall pay to a fund producer of a policyholder to whom a policy is issued a commission:
(1)
for private passenger auto insurance issued by the Fund, at a rate determined by the Fund but not less than 5% and not to exceed 15% of the total premium; and
(2)
for any other insurance issued by the Fund, at a rate determined by the Fund but not to exceed 10% of the total premium.
(b)
The Fund may not pay a commission:
(1)
on a fully earned basis;
(2)
if a prospective insured fails to qualify under § 20–502 of this subtitle;
(3)
if a prospective insured’s initial payment to the Fund, a fund producer, or premium finance company is not honored; or
(4)
on a policy written directly by the Fund without the involvement of a fund producer.
(c)
If a policy issued by the Fund is canceled, the Fund shall refund any unearned commissions.