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§ 10-409.1. Payment of commissions, fees, or other valuable considerations prohibited

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

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 10. Regulation of Insurance Professions
Subtitle 4. Public Adjusters (Refs & Annos)
Effective: January 1, 2018
MD Code, Insurance, § 10-409.1
§ 10-409.1. Payment of commissions, fees, or other valuable considerations prohibited
Currentness
Insureds
(a) Except as otherwise expressly provided by law, a person may not pay, allow, or give, or offer to pay, allow, or give, directly or indirectly, any valuable consideration to an insured as an inducement to use the services of a public adjuster.
Persons licensed
(b) A public adjuster may pay a commission, service fee, or any other valuable consideration to a person only if that person is required to be licensed, and is licensed, as a public adjuster.
Persons unlicensed
(c) A person may not accept a commission, service fee, or any other valuable consideration if the person is required to be licensed, but is not licensed, as a public adjuster.

Credits

Added by Acts 2014, c. 24, § 1, eff. Oct. 1, 2014. Amended by Acts 2017, c. 106, § 1, eff. Jan. 1, 2018.
MD Code, Insurance, § 10-409.1, MD INSURANCE § 10-409.1
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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