Md. Code Regs. 31.09.12.09

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

Section 31.09.12.09 - Compliance and Penalties

A. An insurer is responsible for compliance with this chapter.

B. If a violation of this chapter occurs, because of either the action or the inaction of the insurer or its producer, the Commissioner may order:

(1) An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer's, or by its producer's, violation of this chapter;

(2) A general agency, independent agency, or a producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this chapter; and

(3) Appropriate penalties and sanctions.

C. Penalties.

(1) A producer who violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, § 10-126, Annotated Code of Maryland.

(2) An insurer that violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, § 4-113, Annotated Code of Maryland.

Md. Code Regs. 31.09.12.09

Regulation .09 amended effective 49:8 Md. 501, eff. 4/18/2022