The insurer shall send the policyholder timely advance notice of each premium as it comes due, unless the premium installments are payable on a payroll savings or salary deduction plan, or by a series of preauthorized checks or bank drafts, or a similar plan.

Authority: Insurance Article, §§2-109 and 12-203—12-205, Annotated Code of Maryland

Effective date: August 10, 1979 (6:16 Md. R. 1330)

Chapter recodified from COMAR 09.30.46 to COMAR 31.10.13 effective September 7, 1998 (25:18 Md. R. 1439)