Section 12-304 - Certificate on property of borrower(a) If an insurer issues and delivers a policy to a lender on property of a borrower that has been pledged, mortgaged, or is subject to a conditional contract of sale, the insurer must issue a certificate to the borrower or owner of the property in accordance with subsection (b) of this section.(b) The certificate issued under this section shall set forth: (1) the coverages provided in the policy;(2) the amount of premium charged for the policy;(3) the date the policy takes effect; and(4) the date the policy expires.