424                              Laws of Maryland                      [Ch. 157

when the insurance became effective, or (2) the broker or procuring
agent orders cancellation for nonpayment, or (3) a lender or assignee,
whether by written power of attorney or otherwise, orders cancella-
tion. An insurer hereunder shall not cancel any insurance for
nonpayment of premiums where the premium due has been paid to
the broker or licensed procuring agent. Notwithstanding any default
of the insured in premium payment to the broker or procuring
agent, or any cancellation or replacement of the insurance, whether
prior to or after the issuance of a policy any broker or procuring
agent who binds or places as such insurance is liable to the insurer
for payment in full of the net premium therefor for the time the
insurance is in force. The plan may provide for a minimum net
earned premium of not exceeding $15.00 per automobile.

(vii) An insurer hereunder shall upon appropriate notice in
accordance with Section 486F, of this article cancel the insurance
and return the unearned premium to the lender, assignee, broker,
or other person who is entitled to the same.

(viii) The broker or procuring agent shall be allowed a com-
mission on such business of not less than 10 percent of the gross
premium, and no insurer may require that the broker remit greater
than the resulting net premium after deduction of commissions under
the Maryland automobile insurance plan.

(ix) Any insured under the plan as of January 1, 1970 who com-
pletes a three years assignment period and who, during that period
has no moving traffic violations or traffic accidents for which he was
held responsible, and whose [records] record at the Department of
Motor Vehicles shows none, is entitled to renewal coverage from the
assigned insurer at the basic insurance rating board rates. It is the
responsibility of the assigned insurer to notify the insured that they
will provide renewal coverage on this basis. The renewal coverage
provided for in this section will continue on a year to year basis.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved April 23, 1971.

CHAPTER 157
(House Bill 684)

AN ACT to repeal and re-enact, with amendments, subsection (d)
of Section 2 of Chapter 740 of the Acts of 1968, relating to the
rate or rates of interest payable by the Mayor and City Council
of Baltimore in connection with certificates of indebtedness issued
by said municipality; providing that nothing in this Act shall
change, alter, modify or release: (a) any of the terms and pro-
visions of the forementioned legislation except in the manner and
to the extent set forth in this Act, and (b) any of the obligations
or liabilities which said municipality has incurred or may incur
under the terms and provisions of any certificates of indebtedness
which said municipality has heretofore issued and sold pursuant
to the forementioned legislation; and declaring this Act to be an
emergency measure.