A. If a PSAO uses a contract or amendment that becomes effective and the contract or amendment is subsequently found by the Commissioner to be noncompliant, the Commissioner may:
(1) Issue an order that:
- (a) Gives notice of the disapproval;
- (b) States a reason for the disapproval; and
- (c) States the effective date of the disapproval in the notice; and
- (2) Impose a civil penalty as provided under Insurance Article, §15-2019, Annotated Code of Maryland.
- B. An order under this regulation is subject to a hearing under Insurance Article, §2-210, Annotated Code of Maryland.
- C. A request for a hearing under this regulation does not stay that portion of the order that requires a PSAO to cease and desist from the conduct identified in the order
Authority: Insurance Article, §§2-109, 15-2010, 15-2011, 15-2013, 15-2015, and 15-2016, Annotated Code of Maryland
Effective date: December 26, 2022 (49:26 Md. R. 1081)