Md. Code, Ins. § 20-513

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 20-513 - Actions against producers - In general

The Fund may refuse to accept further applications from a fund producer or may terminate the authority of the fund producer to bind coverage or both if:

(1) the Fund finds that the fund producer has engaged in the practice of binding coverage in the Fund in violation of policies adopted by the Board of Trustees; or
(2) after demand has been made by the Fund, the fund producer fails to pay money owed the Fund as a result of:
(i) the binding or change of coverage; or
(ii) a commission paid to the fund producer on a policy that is canceled after the effective date of coverage.

Md. Code, IN § 20-513

Amended by 2017 Md. Laws, Ch. 509,Sec. 2, eff. 7/1/2017.