Home Table of Contents

§ 14-112. Revocation of certificate of authority and institution of proceedings

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 14. Entities that Act as Health Insurers
Subtitle 1. Nonprofit Health Service Plans (Refs & Annos)
Part II. Certificates of Authority (Refs & Annos)
MD Code, Insurance, § 14-112
§ 14-112. Revocation of certificate of authority and institution of proceedings
Currentness
The Commissioner may revoke a certificate of authority issued to a corporation subject to this subtitle, and at any time after revocation may institute proceedings under Title 9, Subtitle 2 of this article to rehabilitate or liquidate the corporation, if:
(1) grounds exist under § 4-113 of this article; or
(2) the Commissioner has reason to believe that the corporation:
(i) is being operated for profit;
(ii) is being fraudulently conducted;
(iii) is not complying with this subtitle or article;
(iv) knowingly is failing to comply with a rule, regulation, or order of the Commissioner; or
(v) has violated the provisions of Title 6.5 of the State Government Article.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997; Acts 1998, c. 123, § 1, eff. Oct. 1, 1998; Acts 1998, c. 124, § 1, eff. Oct. 1, 1998.
Formerly Art. 48A, § 360.
MD Code, Insurance, § 14-112, MD INSURANCE § 14-112
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