2013 Maryland Code
INSURANCE
§ 20-512 - Payment of commission to producer
§20-512.
(a) Except as provided in subsection (b) of this section, the Fund shall pay to a fund producer of a policyholder to whom a policy is issued a commission:
(1) for private passenger auto insurance issued by the Fund, at a rate determined by the Fund but not less than 10% and not to exceed 15% of the total premium; and
(2) for any other insurance issued by the Fund, at a rate determined by the Fund but not to exceed 10% of the total premium.
(b) The Fund may not pay a commission:
(1) on a fully earned basis;
(2) if a prospective insured fails to qualify under § 20-502 of this subtitle; or
(3) if a prospective insured’s initial payment to the Fund, a fund producer, or premium finance company is not honored.
(c) If a policy issued by the Fund is canceled, the Fund shall refund any unearned commissions.
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