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Home » US Law » 2022 Maryland Statutes » Insurance » Title 23 - Premium Financing » Subtitle 1 - Definitions; General Provisions

Section 23-101 – Definitions

    (a)    In this title the following words have the meanings indicated.     (b)    “Actuarial method” has the meaning stated in § 12–1009 of the Commercial Law Article.     (c)    (1)    “Premium finance agreement” means an agreement:             (i)    by which an insured or prospective insured promises to pay a premium finance company the amount advanced or to be advanced under the agreement, together […]

Section 23-102 – Scope of Title

    No bank, savings bank, trust company, savings and loan association, credit union, industrial finance company, small loan company, or other similar organization that is regulated under the laws of the State or the United States nor any bank, savings bank, trust company, savings and loan association, or credit union that is organized in another state […]

Section 23-103 – Investigations and Examinations

    (a)    The Commissioner may conduct investigations and examine the books, records, and accounts of a person under this title to the same extent as is authorized with respect to insurers under this article.     (b)    The expense of an examination shall be paid by the person examined as provided in § 2-208 of this article.     (c)    The Commissioner or […]