Home Table of Contents

§ 26-307. Denial or revocation of registration

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 26. Motor Clubs
Subtitle 3. Representatives (Refs & Annos)
MD Code, Insurance, § 26-307
§ 26-307. Denial or revocation of registration
Currentness
Grounds for denial or revocation of registration
(a) Subject to subsection (c) of this section, the Commissioner shall deny a registration to an appointee or revoke the registration of a registered representative if the Commissioner, for cause and after a hearing, determines that the appointee or representative:
(1) has made a false or misleading statement about the services offered by, or the business of, the licensee represented by the appointee or representative;
(2) has been convicted of a crime involving moral turpitude; or
(3) is otherwise unsuitable to act as a representative.
Notice of denial or revocation
(b) If the Commissioner denies or revokes a registration under this section, the Commissioner shall notify the licensee and the representative or appointee of the denial or revocation in writing.
Public interest not served by denial or revocation
(c) The Commissioner need not deny or revoke a registration under this section if the Commissioner concludes, based on all the facts and circumstances, that the public interest would not be served by the denial or revocation.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48B, § 8.
MD Code, Insurance, § 26-307, MD INSURANCE § 26-307
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.
End of Document