{"data":{"id":"us-md/md.-code-insurance-23-307.1","jurisdiction":"us-md","citation":"Md. Code, Insurance § 23–307.1","heading":"","body":"(a) (1) In this section the following words have the meanings indicated.\n(2) (i) “Electronic check” means a form of payment in which a fund transfer is made electronically from a payer’s bank account to a premium finance company’s bank account.\n(ii) “Electronic check” does not include a written check that is delivered to a premium finance company or an agent by hand delivery, regular mail, or other form of personal delivery.\n(3) “Electronic payment” includes payment by credit card, debit card, or electronic check.\n(b) A premium finance agreement may require the insured to pay an electronic payment fee if the insured elects to pay a premium finance company by means of an electronic payment.\n(c) A premium finance company may charge an electronic payment fee, which may not exceed $8, for actual expenses incurred by the premium finance company for the electronic payment.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=23-307.1","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"7c13863a73552df13e53c775561db956217aa966bbe0fd680f017e23e7547fb3","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-23-307","next":"us-md/md.-code-insurance-23-308"},"notice":"GroundRules: Original legal text. Not legal advice."}