Chapter 07. Installment Vendors Doing Business In Maryland (Such as Auto Dealers, Boat Dealers, Appliance Dealers, Loan Companies)
Regulation .01 Violations.LinkCopy Citation
It has come to the attention of the Insurance Administration that installment vendors may be selling insurance in conjunction with their retail installment sales without proper insurance producers' licenses. These sales or service of insurance are violations of the Insurance Article, Annotated Code of Maryland, and this chapter.
Regulation .02 Requirements.LinkCopy Citation
Installment vendors shall comply with the requirements of Insurance Article, §§1-201, 10-103, 10-130, and 10-131, Annotated Code of Maryland.
Regulation .03 Employees To Read this Chapter.LinkCopy Citation
Installment vendors should make certain that this chapter of regulations is read by all their employees that may be affected by it.
Chapter annotations
Authority: Insurance Article, §§1-201, 2-109, 10-103, 10-130, and 10-131, Annotated Code of Maryland
History: Effective date: November 1, 1967
History: Amended effective May 1, 1968
History: Chapter recodified from COMAR 09.30.17 to COMAR 31.03.07 effective September 7, 1998 (25:18 Md. R. 1439)
History: Regulation .01 amended effective April 10, 2006 (33:7 Md. R. 675)
History: Regulation .04 repealed effective May 18, 2016 (43:6 Md. R. 412)