Md. Code, Ins. § 23-311

Current with changes from the 2024 Legislative Session

Section 23-311 - Reinstatement of policy - Payment of fee

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.

Md. Code, IN § 23-311

Added by 2017 Md. Laws, Ch. 725,Sec. 1, eff. 10/1/2017.