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Section 23-404 - Notice to Third Parties of Cancellation — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Title 1 - Definitions; General Provisions/
  5. Title 23 - Premium Financing/
  6. Subtitle 4 - Cancellation of Insurance Contract Under Power of Attorney/
  7. Section 23-404 - Notice to Third Parties of Cancellation
Maryland Legal Code

Section 23-404 - Notice to Third Parties of Cancellation

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(a) All statutory, regulatory, and contractual restrictions that provide that the insured may not cancel an insurance contract unless notice is given to a governmental agency, mortgagee, or other third party shall apply to a cancellation made under this subtitle. (b) If an insurer is required under subsection (a) of this section to give notice on behalf of itself or the insured, the insurer shall: (1) give notice to the governmental agency, mortgagee, or other third party; and (2) compute the effective date of cancellation from the day the insurer receives the notice of cancellation from the premium finance company.