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§ 20-514. Notice and hearing

West's Annotated Code of MarylandInsuranceEffective: July 1, 2017

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 20. Maryland Automobile Insurance Fund (Refs & Annos)
Subtitle 5. Policies for Covered Vehicles (Refs & Annos)
Effective: July 1, 2017
MD Code, Insurance, § 20-514
§ 20-514. Notice and hearing
In general
(a) Except as provided in subsection (b) of this section, the Fund shall give prior written notice to a fund producer of its intended action under § 20-513 of this subtitle and give the fund producer an opportunity for a hearing before taking the action.
Likelihood of substantial and immediate harm to Fund
(b)(1) The Fund may exercise immediately any option under § 20-513 of this subtitle if the Fund determines that there is a likelihood of substantial and immediate harm to the Fund, its policyholders, or others because of:
(i) a violation of a policy adopted by the Board of Trustees that relates to the binding of coverage; or
(ii) a failure to pay money owed.
(2) After taking an action under § 20-513 of this subtitle, the Fund promptly shall give notice to the fund producer and hold a hearing within 10 working days before a member of the Board of Trustees.
Regulations
(c) The Board of Trustees shall adopt policies to provide procedures for notice and hearings under this section.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2017, c. 509, § 2, eff. July 1, 2017.
Formerly Art. 48A, § 243B.
MD Code, Insurance, § 20-514, MD INSURANCE § 20-514
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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