Current with changes from the 2024 Legislative Session
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.Amended by 2018 Md. Laws, Ch. 43,Sec. 1, eff. 10/1/2018.