Section 23-501.1 - Finance or other charge or cancellation related to motor club service contracts prohibited(a) A premium finance company may not impose any finance charge or other charge on any payment for the purchase price of a motor club service contract.(b) A premium finance company may not cancel an insurance contract if any payment under the premium finance agreement: (1) is sufficient to pay the installment due under the premium finance agreement that is related to the insurance contract obligation; but(2) is not sufficient to cover the amount of the monthly payment for the motor club service contract.Added by 2013 Md. Laws, Ch. 334,Sec. 1, eff. 7/1/2013.