Maryland Statutes
§ 23-501.1
Maryland § 23-501.1
This text of Maryland § 23-501.1 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Insurance § 23-501.1 (2026).
Text
(a)A premium finance company may not impose any finance charge or other charge on any payment for the purchase price of a motor club service contract.
(b)A premium finance company may not cancel an insurance contract if any payment under the premium finance agreement:
(1)is sufficient to pay the installment due under the premium finance agreement that is related to the insurance contract obligation; but
(2)is not sufficient to cover the amount of the monthly payment for the motor club service contract.
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Bluebook (online)
Maryland § 23-501.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gin/23-501.1.