Ch. 11                                    1996 LAWS OF MARYLAND

(B) CONTENTS.
A PREMIUM FINANCE AGREEMENT SHALL CONTAIN:

(1)      THE NAME AND PLACE OF BUSINESS OF THE AGENT NEGOTIATING
THE RELATED INSURANCE CONTRACT;

(2)      THE NAME AND RESIDENCE OR PLACE OF BUSINESS OF THE
INSURED AS SPECIFIED BY THE INSURED;

(3)      THE NAME AND PLACE OF BUSINESS OF THE PREMIUM FINANCE
COMPANY TO WHICH PAYMENTS ARE TO BE MADE;

(4)      A BRIEF DESCRIPTION OF THE INSURANCE CONTRACTS INVOLVED
AND THE AMOUNT OF THE PREMIUM; AND

(5)      IF APPLICABLE, THE FOLLOWING ITEMS:

(I)       THE TOTAL AMOUNT OF THE PREMIUMS;

(II)     THE AMOUNT OF THE DOWN PAYMENT;

(III)    THE PRINCIPAL BALANCE (THE DIFFERENCE BETWEEN
SUBITEMS (I) AND (II) OF THIS ITEM);

(IV)    THE AMOUNT OF THE FINANCE CHARGE;

(V)     THE BALANCE PAYABLE BY THE INSURED (THE SUM OF
SUBITEMS (III) AND (IV) OF THIS ITEM);

(VI)    THE NUMBER OF INSTALLMENTS REQUIRED, THE AMOUNT OF
EACH INSTALLMENT EXPRESSED IN DOLLARS, AND THE DUE DATE OR PERIOD OF
EACH INSTALLMENT; AND

(VII)  AN ITEMIZED LIST FOR EACH INSURANCE CONTRACT OR
COVERAGE FINANCED UNDER THE PREMIUM FINANCE AGREEMENT THAT
INCLUDES:

1.        THE APPLICABLE PREFIX AND NUMBER;

2.        THE EFFECTIVE DATE OF THE INSURANCE CONTRACT OR
COVERAGE;

3.        THE NAME OF THE COMPANY ISSUING THE INSURANCE
CONTRACT OR COVERAGE; AND

4.        THE PREMIUM FOR THE INSURANCE CONTRACT OR
COVERAGE.

(C), SEQUENCE; ADDITIONAL ITEMS.

(1) THE ITEMS SET OUT IN SUBSECTION (B)(5) OF THIS SECTION NEED
NOT BE STATED IN THE SEQUENCE IN WHICH THEY APPEAR.

- 604.-.