Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 16. MISCELLANEOUS |
Chapter 31.16.04. Provision of Completed Premium Finance Agreement to Insured |
Sec. 31.16.04.02. When Insured Is Not Present at Time of Signing
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If the insured is not present at the time a premium finance agreement is executed on behalf of the insured, the premium finance company, or an agent or producer, if applicable, within 72 hours after the agreement is executed, shall mail or otherwise cause to be provided to the insured a legible copy of the fully completed and executed premium finance agreement.