Section 5-440 - Waiver of insurance premiums. - Maryland Statutes

§ 5-440. Waiver of insurance premiums.
 

(a)  In general.- The Authority may not charge a premium for insurance if the Authority determines that, at the time the insurance is approved, the facility or business for which the Authority provides insurance is located in a qualified distressed county. 

(b)  Application of determination.- A determination by the Authority under subsection (a) of this section for a facility or business is effective for as long as the financial assistance is in effect. 
 

[An. Code 1957, art. 83A, §§ 5-901(z-1), 5-924(d), 5-925; 2008, ch. 306, § 2.]