Maryland § 20-512

§ 20-512.

    (a)    Except as provided in subsection (b) of this section, the Fund shall pay to a fund producer of a policyholder to whom a policy is issued a commission:

        (1)    for private passenger auto insurance issued by the Fund, at a rate determined by the Fund but not less than 10% and not to exceed 15% of the total premium; and

        (2)    for any other insurance issued by the Fund, at a rate determined by the Fund but not to exceed 10% of the total premium.

    (b)    The Fund may not pay a commission:

        (1)    on a fully earned basis;

        (2)    if a prospective insured fails to qualify under § 20–502 of this subtitle; or

        (3)    if a prospective insured’s initial payment to the Fund, a fund producer, or premium finance company is not honored.

    (c)    If a policy issued by the Fund is canceled, the Fund shall refund any unearned commissions.