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§ 8-609. Fines and penalties

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 6. Viatical Settlement Providers and Viatical Settlement Brokers (Refs & Annos)
MD Code, Insurance, § 8-609
§ 8-609. Fines and penalties
Instead of or in addition to suspending or revoking a registration, the Commissioner may:
(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and
(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle.


Added by Acts 2004, c. 275, § 1, eff. Oct. 1, 2004.
MD Code, Insurance, § 8-609, MD INSURANCE § 8-609
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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