§ 8-464. Injunctions and other disciplinary actions commenced by Commissioner
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 8-464
§ 8-464. Injunctions and other disciplinary actions commenced by Commissioner
(a) The Commissioner shall take action under subsection (b) of this section if, on investigation, the Commissioner finds that a domestic society:
(b) If the Commissioner makes a finding under subsection (a) of this section, the Commissioner shall:
(c)(1) If, on or before the date specified in the notice, the society does not present good and sufficient reason why it should not be enjoined from conducting insurance business or why an action seeking a mandatory injunction should not be commenced, the Commissioner may present the facts relating to the violation to the Attorney General.
(d) A society enjoined from conducting insurance business under this section may not conduct insurance business until:
(e) If a court orders a society to be liquidated:
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 351.
MD Code, Insurance, § 8-464, MD INSURANCE § 8-464
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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