Maryland Credit Card Premium Payments FAQ Clarification
Posted January 30, 2025, Maryland posted an FAQ (Frequently Asked Questions) answering questions the Insurance Administration received from an earlier bulletin (17-10). The FAQ bulletin addresses:
- Payment of premiums by credit card is based on laws prohibiting unfair discrimination in the terms or conditions of insurance for insureds
- Insurers may not accept a premium or charge greater or less than the applicable classification and rates filed with the Commissioner or specified by the policy
- If an entity or person accepts premium payment by credit card, the service must be made available to all existing and prospective insureds
Please see the attachment for more information.
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