Rebating and inducements; willful collection of excess premium

What this document is

Md. Code, Insurance s. 27-216 - Rebating and inducements; willful collection of excess premium is a state statute published by Maryland General Assembly (mgaleg.maryland.gov). It is one of the Maryland documents that insurance license exam questions are written from, including maryland life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Md. Code, Ins. § 27-216 (Rebating and Excess Premium)

  “A person may not willfully collect a premium or charge for insurance if the insurance is not then provided, or is not in due course to be provided subject to acceptance of the risk by the insurer, in a policy issued by an insurer as authorized by this article.”

• Md. Code, Insurance § 27-216(b)(4) (Credit Card Expenses and Payment Method Disclosure)

  “Subject to subparagraphs (ii) and (iii) of this paragraph, paragraph (1) of this subsection does not prohibit an insurance producer from charging and collecting from an insured actual expenses incurred by the insurance producer for payment of the premium for a policy by use of a credit card. (ii)...”

• Md. Code, Insurance § 27-216(b)(1) (Willful Collection of a Premium Other Than the Filed and Approved Amount)

  “A person may not willfully collect a premium or charge for insurance that: (i) exceeds or is less than the premium or charge applicable to that insurance under the applicable classifications and rates as filed with and approved by the Commissioner;”

• Md. Code, Insurance § 27-216(b)(2) (Charges Not Prohibited; Producer Fee When No Commission Is Payable)

  “Paragraph (1) of this subsection does not prohibit: (i) a surplus lines broker that holds a certificate of qualification under Title 3, Subtitle 3 of this article from charging and collecting applicable State and federal taxes in addition to the required premium; (ii) a life insurer from charging...”

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Questions about this source

More Maryland sources

• Md. Code, Insurance s. 10-104 - License required; insurance producerState statute
• Md. Code, Insurance s. 10-126 - Grounds for denial, suspension, or revocation of licenseState statute
• Md. Code, Insurance s. 27-208 - Unfair discrimination between individuals of the same class in life rates, dividends and benefitsState statute
• Md. Code, Insurance s. 27-209 - Prohibited inducements and rebates not specified in the contractState statute
• Md. Code, Insurance s. 27-405 - Fraudulent insurance act: acting without a licence or certificationState statute
• Maryland Insurance Article Title 10 - Insurance Producers and Other Insurance Professionals (103 sections)State statute
• Maryland Insurance Article Title 15 - Health Insurance, first half (Secs. 15-101 through 15-815)State statute
• Maryland Insurance Article Title 15 - Health Insurance, second half (Secs. 15-816 through 15-1704)State statute