Md. Code Regs. 32.02.01.35

Current through Register Vol. 51, No. 24, December 2, 2024

Section 32.02.01.35 - Administrative Sanctions

A. The Secretary may deny, suspend, or revoke a preliminary, initial, or renewal certificate of registration for cause. Cause for denial, suspension, or revocation includes, but is not limited to the following:

(1) Violations of the provisions of the Act;

(2) Violations of regulations in this chapter;

(3) Misrepresentations of fact to the Department or to subscribers;

(4) Submission of false financial information to the Department;

(5) Failure to prepare or implement an adequate corrective financial plan when found to be in financial difficulty; or

(6) Agreement terms or provisions that:

(a) Violate the Act,

(b) Violate regulations in this chapter, or

(c) Are not approved by the Department.

B. The denial, suspension, or revocation of a certificate of registration is an action of the Secretary that may be appealed in accordance with Regulation .36 of this chapter.

Md. Code Regs. 32.02.01.35

Regulations .35 adopted effective July 27, 1998 (25:15 Md. R. 1192)
Regulation .35B amended effective November 6, 2006 (33:22 Md. R. 1734)