- (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.
A premium finance company is not required to reinstate a policy if:
Added by Acts 2017, c. 725, § 1, eff. Oct. 1, 2017.