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Maryland Amends Unfair Trade Practices Restrictions Relating to Premiums and Charges

Effective October 1, 2014, amendments were made to Maryland Insurance ยง 27-216 (b)(3)(ii). The Insurance Commissioner, when reviewing
certain administrative expenses submitted by an authorized insurer that are associated with late payments or installment payments, to include in the review the cost incurred by an authorized insurer or a certain vendor to accept late payments or installment payments by credit card, debit card, electronic funds transfer, or electronic check payment; and generally relating to the review of administrative expenses by the Maryland Insurance Commissioner. For more information please click here.


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