§ 23-503

Md. Code Ann., Ins. § 23-503

Inducement to obtain multiple initial service fees

Effective Oct 1, 1997Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 708, § 1, eff. Oct. 1, 1997.State of Maryland

A premium finance company may not induce an insured to enter into more than one premium finance agreement in order to obtain more than one initial service fee.

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 708, § 1, eff. Oct. 1, 1997.

Formerly Art. 48A, § 486E.