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§ 10-606. Denial, suspension, or revocation of license

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

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 10. Regulation of Insurance Professions
Subtitle 6. Motor Vehicle Rental Companies (Refs & Annos)
Effective: October 1, 2018
MD Code, Insurance, § 10-606
§ 10-606. Denial, suspension, or revocation of license
Currentness
Grounds for discipline
(a) The Commissioner may suspend, revoke, or refuse to renew a limited lines license to sell insurance in connection with, and incidental to, the rental of a vehicle issued under this subtitle after notice and opportunity for a hearing under Title 2, Subtitle 2 of this article if the motor vehicle rental company or an employee or authorized representative of the motor vehicle rental company has:
(1) willfully violated this article or another law of the State that relates to insurance;
(2) operated without a limited lines license to sell insurance in connection with, and incidental to, the rental of a motor vehicle as required under this subtitle;
(3) failed to provide required disclosures;
(4) offered or sold unapproved insurance products;
(5) failed to hold an appointment with the insurer;
(6) failed to train employees and authorized representatives selling or soliciting, or negotiating the sale of, insurance products on behalf of the motor vehicle rental company; or
(7) misrepresented pertinent facts or policy provisions that relate to the coverage offered or sold pursuant to this subtitle.
Representations as authorized insurer or insurance producer prohibited
(b) A motor vehicle rental company and its employees and authorized representatives may not advertise, represent, or otherwise hold itself out as an authorized insurer, or as an insurance producer, for any kind or subdivision of insurance.
Penalties or restitution to persons suffering financial injury
(c) Instead of, or in addition to, suspending or revoking the limited lines license to sell insurance in connection with, and incidental to, the rental of a vehicle, the Commissioner may:
(1) impose on the motor vehicle rental company a penalty of not less than $100 but not more than $2,500 for each violation of this subtitle; and
(2) require that restitution be made to any person who has suffered financial injury because of the violation of this article.

Credits

Added by Acts 1999, c. 628, § 2, eff. Jan. 1, 2000; Acts 1999, c. 629, § 2, eff. Jan. 1, 2000. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2015, c. 51, § 1, eff. July 1, 2015; Acts 2018, c. 192, § 1, eff. Oct. 1, 2018.
MD Code, Insurance, § 10-606, MD INSURANCE § 10-606
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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