§ 23–311
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 23-311 (2026)
Title 23. Premium Financing
Subtitle 3. Premium Finance Agreements; Charges and Fees
§ 23–311LinkCopy Citation
A premium finance company is not required to reinstate a policy if:
(1)
the insurer requires a reinstatement fee, as authorized under § 27–216(b)(5) of this article, to be paid by the insured; and
(2)
the insured does not timely pay the reinstatement fee.