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Session Laws, 1970
Volume 695, Page 1006   View pdf image
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1006                            Laws of Maryland                       Ch. 431

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 28, 1970

CHAPTER 431
(House Bill 573)

AN ACT to repeal and re-enact with amendments, Section 230 (b)
of Article 48A of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Insurance," subtitle "Unfair Trade Prac-
tices," to allow agents and brokers to be compensated by appli-
cants for actual expenses incurred in the required procedure when
placing automobile insurance coverage through the Maryland
Automobile Insurance Plan said compensation not to exceed $5.00
unless provided otherwise by the plan.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 230 (b) of Article 48A of the Annotated Code of Mary-
land, (1968 Replacement Volume), title "Insurance," subtitle
"Unfair Trade Practices" be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

230. Illegal Dealing in Premiums; Improper Charges for Insurance.

(a)    No person shall willfully collect any sum as premium or
charge for insurance, which insurance is not then provided or is not
in due course to be provided (subject to acceptance of the risk by the
insurer) by an insurance policy issued by an insurer as authorized
by this article.

(b)    No person shall willfully collect as premium or charge for
insurance any sum in excess of or less than the premium or charge
applicable to such insurance, in accordance with the applicable clas-
sifications and rates as filed with and approved by the Commissioner;
or, in cases where classifications, premiums, or rates are not required
by this article to be so filed and approved, such premiums and
charges shall not be in excess of or less than those specified in the
policy and as fixed by the insurer. This provision shall not be
deemed to prohibit the charging and collection, by surplus line agents
licensed under subtitle 13 of this article, of the amount of applicable
state STATE and federal taxes in addition to the premium required by
the insurer. Nor shall it be deemed to prohibit the charging and collec-
tion by a life insurer, of amounts actually to be expended for medical
examination of an applicant for life insurance or for reinstatement
of a life insurance policy. Nor shall it be deemed to prohibit the
charging and collection, by agents or brokers, of actual expenses in-
curred in the placement of automobile insurance through the Mary-
land Automobile Insurance Plan with a maximum charge of $5.00
unless provided otherwise by this Plan.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 28, 1970

 

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Session Laws, 1970
Volume 695, Page 1006   View pdf image
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