Maryland Statutes
§ 23-502
Maryland § 23-502
This text of Maryland § 23-502 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 § 23-502 (2026).
Text
(a)A person may not pay any part of an initial service fee or any other fee or charge to an insurance producer, employee of an insurance producer, or to any other person as an inducement to financing an insurance contract with a premium financing company.
(b)An insurance producer, employee of an insurance producer, or any other person may not accept, directly or indirectly, any valuable consideration as an inducement to facilitate an agreement to finance an insurance premium that contains an assignment of or is otherwise secured by the unearned premium or refund obtainable from an insurer on cancellation of an insurance contract.
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Bluebook (online)
Maryland § 23-502, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gin/23-502.