Maryland Code, Insurance § 23-404

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) All statutory, regulatory, and contractual restrictions that provide that the insured may not cancel an insurance contract unless notice is given to a governmental agency, mortgagee, or other third party shall apply to a cancellation made under this subtitle.

(b) If an insurer is required under subsection (a) of this section to give notice on behalf of itself or the insured, the insurer shall:

(1) give notice to the governmental agency, mortgagee, or other third party; and

(2) compute the effective date of cancellation from the day the insurer receives the notice of cancellation from the premium finance company.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 23-404 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-23-404/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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