Maryland Insurance Section 23-304

      The finance charge shall be computed:

            (1)      on the amount of the entire premium loan advanced, including any taxes or fees that are financed under § 23-301.1 of this subtitle, after subtracting any down payment on the premium loan made by the insured;

            (2)      from the inception date of the insurance contract or from the due date of the premium, disregarding any grace period or credit allowed for payment of the premium, through the date when the final installment under the premium finance agreement is payable; and

            (3)      at a rate not exceeding 1.15% for each 30 days, charged in advance.