Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS
Chapter 31.03.14 - Notice of Payment Options When Premium Financing is Offered
Section 31.03.14.01 - Purpose
Universal Citation: MD Code Reg 31.03.14.01
Current through Register Vol. 51, No. 19, September 20, 2024
A. The purpose of this chapter is to assure fair disclosure of availability of alternative payment plans and financing options when consumers purchase property and casualty insurance.
B. This chapter is also designed to aid consumers by creating an industry standard with regard to required disclosure of insurers' alternative payment plans and premium financing agreements.
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