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§ 12-304. Issuance of certificate to borrower or owner of property

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 12. Policy Forms and Provisions
Subtitle 3. Property and Motor Vehicle Liability Insurance (Refs & Annos)
MD Code, Insurance, § 12-304
§ 12-304. Issuance of certificate to borrower or owner of property
Currentness
In general
(a) If an insurer issues and delivers a policy to a lender on property of a borrower that has been pledged, mortgaged, or is subject to a conditional contract of sale, the insurer must issue a certificate to the borrower or owner of the property in accordance with subsection (b) of this section.
Contents of certificate
(b) The certificate issued under this section shall set forth:
(1) the coverages provided in the policy;
(2) the amount of premium charged for the policy;
(3) the date the policy takes effect; and
(4) the date the policy expires.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 380.
MD Code, Insurance, § 12-304, MD INSURANCE § 12-304
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document