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§ 11-344. Fines and penalties

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 3. Competitive Rating (Refs & Annos)
Part VIII. Prohibited Acts; Penalties
MD Code, Insurance, § 11-344
§ 11-344. Fines and penalties
Currentness
Monetary penalties
(a) If, after notice and a hearing, the Commissioner finds that a person has violated a provision of this subtitle or a regulation of the Commissioner adopted under this subtitle, the Commissioner may impose a monetary penalty as provided in § 4-113(d) of this article.
Suspension, revocation, or refusal to renew license or certificate of authority
(b)(1) The Commissioner may suspend, revoke, or refuse to renew a license or certificate of authority for a violation of this subtitle.
(2) The Commissioner may determine when the suspension or revocation of a license or certificate of authority becomes effective.
(3) The suspension or revocation shall remain in effect for the period set by the Commissioner unless the Commissioner modifies or rescinds the suspension or revocation or until the order on which the suspension or revocation is based is modified or reversed as the result of an appeal.
Order stating findings of Commissioner
(c)(1) Before the Commissioner imposes a penalty or suspends or revokes a license or certificate of authority under this section, the Commissioner shall issue a written order that states the findings of the Commissioner.
(2) The Commissioner shall hold a hearing before issuing an order under paragraph (1) of this subsection.
(3) The Commissioner shall give written notice of the hearing to the person at least 10 days before the hearing.
(4) The notice shall specify the alleged violation.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 244U.
MD Code, Insurance, § 11-344, MD INSURANCE § 11-344
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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