PARRIS N. GLENDENING, Governor

Ch. 274

23-505.1.

AN INSURER. ITS AGENT. BROKER. OR PRODUCER MAY NOT: AN INSURER THAT
MARKETS THROUGH INDEPENDENT AGENTS AS DEFINED IN THIS ARTICLE MAY
NOT. WITH RESPECT TO COMMERCIAL AUTOMOBILE FIRE, OR LIABILITY
INSURANCE:

(1) REFUSE TO ISSUE OR DENY THE ISSUANCE OF A POLICY FOR
COMMERCIAL AUTOMOBILE, FIRE, OR LIABILITY INSURANCE BECAUSE PREMIUMS
HAVE BEEN ADVANCED BY A REGISTERED PREMIUM FINANCE COMPANY NOT
AFFILIATED WITH THE INSURER; OR

(2) REQUIRE AN INSURED TO USE A PARTICULAR PREMIUM FINANCE
COMPANY OR OTHER INSTALLMENT PLAN.

23-505.2.

AN INSURER OR ITS AGENT THAT MARKETS THROUGH INDEPENDENT AGENTS
AS DEFINED IN THIS ARTICLE MAY NOT, WITH RESPECT TO COMMERCIAL
AUTOMOBILE, FIRE, OR LIABILITY INSURANCE, DISCRIMINATE, INTIMIDATE, OR
RETALIATE AGAINST A PRODUCER, AN AGENT, BROKER, OR INSURED THAT USES
PREMIUM FINANCING BY DENYING THE PRODUCER, AGENT, BROKER, OR INSURED
THE SAME RIGHTS ACCORDED TO PRODUCERS, AGENTS, BROKERS, OR INSUREDS
WHO PAY PREMIUMS IN A DIFFERENT MANNER.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved April 29, 1997.

CHAPTER 274
(House Bill 1108)

AN ACT concerning

Title Insurers - Reserves

FOR the purpose of requiring insurers to alter the amount of unearned premium reserves
under certain circumstances; altering the formula used by title insurers to calculate
reserves applicable to certain contracts; requiring that certain reserves be
recalculated in accordance with a certain formula; requiring title insurers to file a
certain actuarial certification in a certain manner; making a certain technical
correction; and generally relating to reserves of title insurers.

BY repealing and reenacting, with amendments,
Article - Insurance
Section 5-202 and 5-206
Annotated Code of Maryland
(1995 Volume and 1996 Supplement)

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