§ 23-311
45 words·~1 min read·
/md/insurance/23-311A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§23–311.
A premium finance company is not required to reinstate a policy if:
(1)the insurer requires a reinstatement fee, as authorized under § 27–216(b)(5) of this article, to be paid by the insured; and
(2)the insured does not timely pay the reinstatement fee.