An applicant for a policy from the Fund who is participating in the Program under § 20-612 of this subtitle may:

(1) be considered by the Fund to have met the requirements of § 20-502(a)(3) of this title; and

(2) pay the premium for the policy in installments in accordance with § 20-507(g)(1)(ii)1B of this title, regardless of the amount of the premium.

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