Md. Code Ann., Ins. § 20-513
Actions against producers
Effective Jul 1, 2017Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2017, c. 509, § 2, eff. July 1, 2017.State of Maryland
- (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.
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:
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2017, c. 509, § 2, eff. July 1, 2017.
Formerly Art. 48A, § 243B.