MARVIN MANDEL, Governor

3513

THREE QUARTERS of one percent for each thirty days,
charged in advance. In addition to the above service
charge, insurance premium finance companies shall be
permitted to charge an initial service charge of not over
[ten dollars ($10.00)] $[[12]] 10 which need not be
refunded upon cancellation or repayment, and no part of
any charge, initial or otherwise, shall be paid to any
insurance agent, broker, or any employee of an insurance
agent or broker, or to any person as an inducement to the
financing of any insurance policy with the premium
finance company.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved May 15, 1975.

CHAPTER 848
(Senate Bill 825)

AN ACT concerning

Financial Disclosure

FOR the purpose of relating to financial disclosure by
expanding the definition of the term "gift";
providing for reporting of gifts from certain
persons; dealing with certain statements filed under
oath under the Financial Disclosure Act; and
generally relating to financial disclosure.

BY repealing and re-enacting, with amendments,

Article 33 — Election Code

Section 29-2(f), 29-4 (a), (b-1), (b-2), (b-3) and

29-5(d)
Annotated Code of Maryland
(1971 Replacement Volume and 1974 Supplement)

Preamble

WHEREAS, Section 29-4(a) of Article 33 of the
Annotated Code of Maryland (1974 Supplement) is
incorrectly stated, and a correct statement of the law is
found in Chapter 3 of the 1973 First Special Session
Laws; now, therefore,