Maryland Code, INSURANCE 23-301.1
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Terms Used In Maryland Code, INSURANCE 23-301.1
- Contract: A legal written agreement that becomes binding when signed.
In addition to financing the premium of a surplus lines insurance contract, a premium finance agreement may include any:
(1) premium receipts tax that a surplus lines broker is required to charge under § 3-324 of this article and pay to the Commissioner under § 3-325 of this article;
(2) policy fee that a surplus lines broker is allowed to charge under § 27-216 of this article; and
(3) inspection fee that a surplus lines broker is allowed to charge under § 27-216 of this article.