# Insurance (GIN)

## Title 23. Premium Financing

### Subtitle 4. Cancellation of Insurance Contract Under Power of Attorney

#### Section 23-404

(a) All statutory, regulatory, and contractual restrictions that provide that the insured may not cancel an insurance contract unless notice is given to a governmental agency, mortgagee, or other third party shall apply to a cancellation made under this subtitle.

(b) If an insurer is required under subsection (a) of this section to give notice on behalf of itself or the insured, the insurer shall:

  (1) give notice to the governmental agency, mortgagee, or other third party; and

  (2) compute the effective date of cancellation from the day the insurer receives the notice of cancellation from the premium finance company.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)