Md. Code, Ins. § 20-512
Md. Code, Ins. § 20-512
Maryland · Maryland Code, Insurance · Status: effective
Cite this
- Citation
- Md. Code, Ins. § 20-512, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1780002
- Permanent ID
ys:prov:1780002@1- SHA-256
f4f8021b40bb8aae6f18a6bc98874ae4861412c5fb3f4ad61529dcb315f561af
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Except as provided in subsection (b) of this section, the Fund shall pay to a fund producer of a policyholder to whom a policy is issued a commission:
(1) for private passenger auto insurance issued by the Fund, at a rate determined by the Fund but not less than 10% and not to exceed 15% of the total premium; and
(2) for any other insurance issued by the Fund, at a rate determined by the Fund but not to exceed 10% of the total premium.
(b) The Fund may not pay a commission:
(1) on a fully earned basis;
(2) if a prospective insured fails to qualify under § 20–502 of this subtitle; or
(3) if a prospective insured’s initial payment to the Fund, a fund producer, or premium finance company is not honored.
(c) If a policy issued by the Fund is canceled, the Fund shall refund any unearned commissions.