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Session Laws, 1973
Volume 709, Page 1600   View pdf image
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1600                                     LAWS OF MARYLAND                                 Ch. 767

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1973.

Approved May 24, 1973.

CHAPTER 767
(House Bill 352)

AN ACT to repeal and re-enact, with amendments, Section 230(b) of Article 48A
of the Annotated Code of Maryland (1972 Replacement Volume), title
"Insurance Code," subtitle "Unfair Trade Practices," to allow agents and
brokers to be compensated by applicants for actual expenses incurred in the
required procedure when placing automobile insurance coverage through the
Maryland Automobile Insurance Fund said compensation not to exceed $5.00
unless provided otherwise by the fund.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 230(b) of Article 48A of the Annotated Code of
Maryland (1972 Replacement Volume), title "Insurance Code," subtitle "Unfair
Trade Practices," be and it is hereby repealed and re-enacted, with amendments, to
read as follows:

230.

(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 classifications 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 and federal taxes in addition to the premium
required by the insurer. Nor shall it be deemed to prohibit the charging and
collection 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 incurred in the placement of automobile
insurance through the Maryland [[automobile insurance]] AUTOMOBILE
INSURANCE [plan] FUND with a maximum charge of $5.00 unless provided
otherwise by [[this plan]] THE FUND.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1973.

Approved May 24, 1973.

 

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Session Laws, 1973
Volume 709, Page 1600   View pdf image
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