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.