Md. Code, Ins. § 10-811

Current with changes from the 2024 Legislative Session
Section 10-811 - Subtitle not construed to prohibit commissions, service fees, or other consideration

This subtitle may not be construed to prohibit:

(1) an insurer from paying and a self-service storage producer from receiving a commission, service fee, or any other valuable consideration dependent on the sale of insurance; or
(2) the payment of compensation by the self-service storage producer to an employee or authorized representative who offers or sells limited lines insurance that is incidental to the employee's or authorized representative's overall compensation and not dependent on the sale of insurance.

Md. Code, IN § 10-811

Added by 2014 Md. Laws, Ch. 174,Sec. 1, eff. 7/1/2014.