§ 20-514. Notice and hearing
West's Annotated Code of MarylandInsuranceEffective: July 1, 2017
Effective: July 1, 2017
MD Code, Insurance, § 20-514
§ 20-514. Notice and hearing
(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.
(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:
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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