AFCO Credit Corp. v. Maryland Insurance Administration

EYLER, DEBORAH S., J.

AFCO Credit Corporation and ten other premium financing companies (“PFCs”) doing business in Maryland (collectively “AFCO” or “the appellants”),1 the appellants, challenge a decision of the Insurance Commissioner (the “Commissioner”) of the Maryland Insurance Administration (“MIA”) to grant, *220but stay, a requested hearing pending the outcome of a related case. AFCO requested the hearing to challenge certain new requirements for all PFCs licensed in Maryland bearing on the amount and timing of the collection of interest. The Circuit Court for Baltimore City dismissed AFCO’s…