Maryland § 23-302.1
Full text of Maryland Maryland Code § 23-302.1, with citation guidance and answers to common questions.
§ 23-302.1.
(a) An insured may finance an additional premium if:
(1) the insured has paid the down payment, if any, required by the premium finance company on the additional premium; and
(2) the premium finance company delivers or mails a written notice to the insured at the last known address of the insured indicating that:
(i) there is a revised premium finance agreement; and
(ii) in the event of default in payment of the revised premium finance agreement, the policy may be canceled.
(b) An insurer may not delay cancellation for the sole purpose of applying premiums on deposit to any additional premium.
Frequently Asked Questions About Maryland § 23-302.1
What does Maryland Code § 23-302.1 cover?
Section 23-302.1 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 23-302.1?
A common citation format is "Maryland Code § 23-302.1" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 23-302.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.