- A. The purpose of this chapter is to assure fair disclosure of availability of alternative payment plans and financing options when consumers purchase property and casualty insurance.
- B. This chapter is also designed to aid consumers by creating an industry standard with regard to required disclosure of insurers' alternative payment plans and premium financing agreements.
Authority: Insurance Article, §§2-109(a)(1), 10-104(c), and 10-126(a)(5) and (6), Annotated Code of Maryland
Effective date: July 16, 2009 (36:14 Md. R. 985)