Maryland Insurance Section 27-901

      (a)      (1)      In this section the following words have the meanings indicated.

            (2)      "Credit life or disability insurance" means a type of insurance that will pay all or part of an individual's debt on the death or disability of the individual.

            (3)      "Finance charge" has the meaning stated in § 12-501 of the Commercial Law Article.

            (4)      "Retail credit account" has the meaning stated in § 12-501 of the Commercial Law Article.

      (b)      A person may not make, issue, charge, or cause to be made, issued, or charged to an individual any type of premium for credit life or disability insurance without the express written consent of the individual.

      (c)      The computation of a finance charge in a retail credit account may not be based in any part on the premiums due under a policy of credit life or disability insurance.