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§ 3-317. Suspension or revocation of certificate of qualification

West's Annotated Code of MarylandInsuranceEffective: October 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 3. Kinds of Insurers
Subtitle 3. Surplus Lines Insurance (Refs & Annos)
Effective: October 1, 2018
MD Code, Insurance, § 3-317
§ 3-317. Suspension or revocation of certificate of qualification
Currentness
In general
(a) The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker:
(1) if the surplus lines broker fails to file the report required by this subtitle;
(2) if the surplus lines broker fails to remit the tax required by this subtitle;
(3) if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records;
(4) if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or
(5) for any applicable ground for suspending or revoking the license of an insurance producer under this article.
Payment of penalties and delinquent taxes prior to reinstatement
(b) The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2018, c. 43, § 1, eff. Oct. 1, 2018.
Formerly Art. 48A, § 196.
MD Code, Insurance, § 3-317, MD INSURANCE § 3-317
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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