Md. Code, Ins. § 23-505.1

Current with changes from the 2024 Legislative Session

Section 23-505.1 - Commercial automobile, fire, or liability insurance - Discrimination against premium finance company

An insurer that markets through independent insurance producers as defined in this article may not:

(1) refuse to issue or deny the issuance of a policy because premiums have been advanced by a registered premium finance company not affiliated with the insurer; or

(2) require an insured to use a particular premium finance company or other installment plan.

Md. Code, IN § 23-505.1