§ 14-611. Cease and desist orders, correction of violations, and restitution
West's Annotated Code of MarylandInsuranceEffective: October 1, 2007
Effective: October 1, 2007
MD Code, Insurance, § 14-611
§ 14-611. Cease and desist orders, correction of violations, and restitution
(a) To enforce this subtitle and any regulation adopted under it, the Commissioner may issue an order:
(4) that requires a discount medical plan organization or a discount drug plan organization to make restitution of money, property, or other assets to a person who has suffered financial injury because of a violation by any person authorized to sell, market, solicit, or administer a discount medical plan or discount drug plan established by the discount medical plan organization or discount drug plan organization while the person is acting with the actual or apparent authority of the discount medical plan organization or discount drug plan organization.
(b)(1) An order of the Commissioner issued under this section may be served on a violator who is registered under this subtitle in the manner provided in Title 2 of this article.
(c)(1) In addition to any other enforcement action taken by the Commissioner under this section, the Commissioner may impose a civil penalty of not more than $10,000 for each violation of this subtitle.
Credits
Added by Acts 2007, c. 629, § 1, eff. Oct. 1, 2007.
MD Code, Insurance, § 14-611, MD INSURANCE § 14-611
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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