§ 23–305
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 23-305 (2026)
Title 23. Premium Financing
Subtitle 3. Premium Finance Agreements; Charges and Fees
§ 23–305LinkCopy Citation
(a)
A premium finance company may charge an initial service fee, which may not exceed $20, for actual expenses.
(b)
The initial service fee may not be refunded on cancellation or repayment.