# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 03 — Insurance Producers and Other Insurance Professionals

### Chapter 07 — Installment Vendors Doing Business In Maryland (Such as Auto Dealers, Boat Dealers, Appliance Dealers, Loan Companies)

**Authority:** Insurance Article, §§1-201, 2-109, 10-103, 10-130, and 10-131, Annotated Code of Maryland

**Administrative History:** Effective date: November 1, 1967

**Administrative History:** Amended effective May 1, 1968

**Administrative History:** Chapter recodified from COMAR 09.30.17 to COMAR 31.03.07 effective September 7, 1998 (25:18 Md. R. 1439)

**Administrative History:** Regulation .01 amended effective April 10, 2006 (33:7 Md. R. 675)

**Administrative History:** Regulation .04 repealed effective May 18, 2016 (43:6 Md. R. 412)

#### Regulation .01 Violations.

*COMAR 31.03.07.01*

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.

*COMAR 31.03.07.02*

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.

*COMAR 31.03.07.03*

Installment vendors should make certain that this chapter of regulations is read by all their employees that may be affected by it.