Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 23. PREMIUM FINANCING |
SUBTITLE 4. CANCELLATION OF INSURANCE CONTRACT UNDER POWER OF ATTORNEY |
§ 23-401. Compliance with subtitle required
Latest version.
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When in connection with a premium finance agreement a power of attorney or other authority to cancel an insurance contract on behalf of an insured is given to a premium finance company, the premium finance company may not cancel the insurance contract except in accordance with this subtitle.