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§ 20-513. Actions against producers

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, § 20-513
§ 20-513. Actions against producers
Currentness
The Fund may refuse to accept further applications from a fund producer or may terminate the authority of the fund producer to bind coverage or both if:
(1) the Fund finds that the fund producer has engaged in the practice of binding coverage in the Fund in violation of policies adopted by the Board of Trustees; or
(2) after demand has been made by the Fund, the fund producer fails to pay money owed the Fund as a result of:
(i) the binding or change of coverage; or
(ii) a commission paid to the fund producer on a policy that is canceled after the effective date of coverage.

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, § 20-513, MD INSURANCE § 20-513
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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