State Codes and Statutes
Statutes > Maryland > Insurance > Title-12 > Subtitle-3 > 12-304§ 12-304. Certificate on property of borrower.
(a) Required.- If an insurer issues and delivers a policy to a lender on property of a borrower that has been pledged, mortgaged, or is subject to a conditional contract of sale, the insurer must issue a certificate to the borrower or owner of the property in accordance with subsection (b) of this section.
(b) Contents.- The certificate issued under this section shall set forth:
(1) the coverages provided in the policy;
(2) the amount of premium charged for the policy;
(3) the date the policy takes effect; and
(4) the date the policy expires.
[An. Code 1957, art. 48A, § 380; 1995, ch. 36.]
