§ 9-232. Receipt of premium after insolvency
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 9-232
§ 9-232. Receipt of premium after insolvency
A director or officer of an insurer, association, or fraternal benefit society that receives a premium or assessment on behalf of the insurer, association, or fraternal benefit society and, at the time of receipt, knows that the insurer, association, or fraternal benefit society is insolvent is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $500 or imprisonment not exceeding 6 months or both.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 27, § 209.
MD Code, Insurance, § 9-232, MD INSURANCE § 9-232
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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