Md. Code, Ins. § 27-407.2

Current with changes from the 2024 Legislative Session
Section 27-407.2 - Compensation for deductible

It is a fraudulent insurance act for a contractor offering home repair or remodeling services for damages to a private residence , to directly or indirectly pay or otherwise compensate an insured, or offer or promise to pay or compensate an insured, with the intent to defraud an insurer, for any part of the insured's deductible under the insured's property or casualty insurance policy, if payment for the services will be made from the proceeds of the policy.

Md. Code, IN § 27-407.2

Amended by 2024 Md. Laws, Ch. 826,Sec. 1, eff. 10/1/2024.
Added by 2013 Md. Laws, Ch. 311, Sec. 1, eff. 10/1/2013.