PARRIS N. GLENDENING, Governor

Ch. 35

General Assembly, that subsection (b)(2) of this section requires an insurer's
antifraud plan to establish procedures for reporting insurance fraud only to
law enforcement authorities. Section 27-802(a)(l) of this subtitle, however,
requires insurers to report insurance fraud to the Commissioner, Fraud
Division, and law enforcement authorities. The General Assembly may wish to
conform these provisions.

Defined terms: "Agent" § 1-101
"Authorized insurer" § 1-101
"Commissioner" § 1-101
"Fraud Division" § 27-801
"Insurance" § 1-101
"Insurance fraud" § 27-801

27-804. PENALTY.

THE PENALTY FOR A VIOLATION OF THIS SUBTITLE IS AS PROVIDED IN §§ 4-113
and 4-114 OF THIS ARTICLE.

REVISOR'S NOTE: This section formerly was Art. 48A, § 233B(e).

The only changes are in style.

SUBTITLE 9. MISCELLANEOUS PROVISIONS.
27-901. CREDIT LIFE OR DISABILITY INSURANCE PREMIUMS.

(a) DEFINITIONS.

(1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "CREDIT LIFE OR DISABILITY INSURANCE" MEANS A TYPE OF
INSURANCE THAT WILL PAY ALL OR PART OF AN INDIVIDUAL'S DEBT ON THE
DEATH OR DISABILITY OF THE INDIVIDUAL.

(3) "FINANCE CHARGE" HAS THE MEANING STATED IN § 12-501 OF THE
COMMERCIAL LAW ARTICLE.

(4) "RETAIL CREDIT ACCOUNT" HAS THE MEANING STATED IN § 12-501
OF THE COMMERCIAL LAW ARTICLE.

(B) WRITTEN CONSENT REQUIRED.

A PERSON MAY NOT MAKE, ISSUE, CHARGE, OR CAUSE TO BE MADE, ISSUED,
OR CHARGED TO AN INDIVIDUAL ANY TYPE OF PREMIUM FOR CREDIT LIFE OR
DISABILITY INSURANCE WITHOUT THE EXPRESS WRITTEN CONSENT OF THE
INDIVIDUAL.

(C) COMPUTATION OF FINANCE CHARGE.

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