Md. Code, Ins. § 3-317

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
Section 3-317 - Suspensions and revocations
(a) The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker:
(1) if the surplus lines broker fails to file the report required by this subtitle;
(2) if the surplus lines broker fails to remit the tax required by this subtitle;
(3) if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records;
(4) if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or
(5) for any applicable ground for suspending or revoking the license of an insurance producer under this article.
(b) The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed.

Md. Code, IN § 3-317

Amended by 2018 Md. Laws, Ch. 43,Sec. 1, eff. 10/1/2018.