In addition to any other penalties provided by the laws of this State, any insurer and any insurance producer found to have violated any requirement of this State relating to the regulation of long-term care insurance or the marketing of long-term care insurance shall be subject to a penalty of up to three times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater.

Authority: Health-General Article, §19-705; Insurance Article, §§2-109, 14-124, Title 18, Subtitle 1, and Title 27; Annotated Code of Maryland

Effective date: September 1, 1994 (21:13 Md. R. 1156)

Chapter recodified from COMAR 09.30.88 to COMAR 31.14.01 effective September 7, 1998 (25:18 Md. R. 1439)

Chapter revised effective April 1, 2002 (29:6 Md. R. 570)

Chapter revised effective September 10, 2007 (34:18 Md. R. 1581)

Regulation .01 amended effective September 1, 2014 (41:17 Md. R. 972)

Regulation .13E amended effective February 27, 2017 (44:4 Md. R. 256)

Regulation .24H—J adopted effective February 27, 2017 (44:4 Md. R. 256)

Regulation .36 amended effective February 27, 2017 (44:4 Md. R. 256)