§ 5-440. Waiver of insurance premiums

Latest version.

(a) In general. -- The Authority may not charge a premium for insurance if the Authority determines that, at the time the insurance is approved, the facility or business for which the Authority provides insurance is located in a qualified distressed county.

(b) Application of determination. -- A determination by the Authority under subsection (a) of this section for a facility or business is effective for as long as the financial assistance is in effect.

HISTORY: An. Code 1957, art. 83A, § 5-901(z-1), 5-924(d), 5-925; 2008, ch. 306, § 2.

                    
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