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§ 23-305. Initial service fee

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 23. Premium Financing
Subtitle 3. Premium Finance Agreements; Charges and Fees (Refs & Annos)
MD Code, Insurance, § 23-305
§ 23-305. Initial service fee
Currentness
In general
(a) A premium finance company may charge an initial service fee, which may not exceed $20, for actual expenses.
Refund of initial service fee
(b) The initial service fee may not be refunded on cancellation or repayment.

Credits

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.
MD Code, Insurance, § 23-305, MD INSURANCE § 23-305
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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