Maryland Code > INSURANCE > Title 23 > Subtitle 4 – Cancellation of Insurance Contract Under Power of Attorney


§ 23-401	Compliance with subtitle required
§ 23-401.1	Notice to insured
§ 23-402	Notice of intent to cancel
§ 23-403	Cancellation of insurance contract
§ 23-403.1	Effect of dishonored down payment
§ 23-404	Notice to third parties of cancellation
§ 23-405	Return of premium after cancellation
§ 23-406	Limitation on collection after cancellation

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Contract: A legal written agreement that becomes binding when signed.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}