Section 2-504 - Fee in lieu of other fees; adjusted premiums. - Maryland Statutes

§ 2-504. Fee in lieu of other fees; adjusted premiums.
 

(a)  Fee in lieu of other fees.- The assessment fee imposed on insurers under this subtitle is in lieu of any life insurance valuation fees and a reduction in specified insurance producer fees that the Commissioner had previously charged and collected under § 2-112 of this title. 

(b)  Adjusted premiums.- In determining adjusted premiums subject to the assessment fee, the Commissioner may use the premiums as stated in the report required under § 2-506(a) of this subtitle. 
 

[1998, ch. 774, § 3; 2001, ch. 731, § 1.]