The Maryland Insurance Administration published a bulletin providing information on the allowance of premium payment by credit card.

According to Maryland Insurance Law, there should not be unfair discrimination in the terms or conditions of insurance for insureds of like risk. In following that rule, the Administration states that if premium payment by credit card is accepted for one insured, that option should be made available for all existing and prospective insureds.

There has been confusion on the meaning of “all existing and prospective insureds.” The Administration clarifies that it applies specifically to the insurance product. This means that if a service is offered to one insured for a certain product, such as the ability to pay by credit card, then that service should be available to all existing and prospective insureds for that specific insurance product. This means that an insurer has the ability to accept credit card payments for certain products but not others, as long as the consumers are treated equally within those lines.