Home Table of Contents

§ 2-109. Regulations

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 2. Maryland Insurance Administration
Subtitle 1. Organization of Administration; General Powers and Duties of Commissioner (Refs & Annos)
MD Code, Insurance, § 2-109
§ 2-109. Regulations
Currentness
In general
(a) The Commissioner may adopt regulations to:
(1) carry out this article;
(2) establish, maintain, and administer reserves under Title 3, Subtitle 2A of the Courts Article; and
(3) regulate the solicitation by a domestic stock insurer or other person of proxies, consents, and authorizations with respect to equity securities of the domestic stock insurer.
Copies of current regulations
(b)(1) The Commissioner shall:
(i) compile and keep in the office of the Commissioner a set of current regulations adopted under this article; and
(ii) make a copy of the regulations for anyone who asks for one.
(2) The Commissioner may set a fee to cover the cost of making and mailing a copy of the current regulations.
Toll-free number for consumers
(c)(1) By regulation, the Commissioner shall establish or direct the establishment of a toll-free telephone number to help consumers with and educate consumers about the purchase of private passenger automobile insurance.
(2) The Commissioner:
(i) may not recommend specific insurers or insurance producers; but
(ii) may provide to callers educational material, including a rate guide and a list of insurers and insurance producers.
Standards governing privacy of consumer financial and health information
(d)(1) By regulation, the Commissioner shall establish standards governing the privacy of consumer financial and health information pursuant to Title V of the Federal Financial Services Modernization Act of 19991 (Public Law 106-102).
(2) The regulations shall be consistent with the provisions of the model regulation adopted by the National Association of Insurance Commissioners entitled “Privacy of Consumer Financial and Health Information Regulation”.
Written consent for otherwise prohibited individuals to engage or participate in business of insurance
(e) By regulation, the Commissioner shall establish criteria and a process to allow an individual who is otherwise prohibited from engaging in or participating in the business of insurance under the Federal Violent Crime Control and Law Enforcement Act of 19942 (Public Law 103-322) to obtain written consent from the Commissioner to engage in or participate in the business of insurance under the federal Act.
Willful violation of regulations subject to penalty
(f) In addition to any other penalty provided, a person that willfully violates a regulation adopted under this article is subject to any applicable penalty under this article for violation of the provision to which the regulation relates.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 57, § 1, eff. Oct. 1, 1997; Acts 1997, c. 70, § 15, eff. Oct. 1, 1997; Acts 2001, c. 469, § 1, eff. July 1, 2001; Acts 2001, c. 731, § 9, eff. July 2, 2001; Acts 2002, c. 19, § 5, eff. April 9, 2002.
Formerly Art. 48A, §§ 26, 41D.

Footnotes

1
Pub.L. 106-102, Nov. 12, 1999, 113 Stat. 1338.
2
Pub.L. 103-322, Sept. 13, 1994, 108 Stat. 1796.
MD Code, Insurance, § 2-109, MD INSURANCE § 2-109
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.
End of Document