Md. Code, Insurance § 20-513
This is the official text of Md. Code, Insurance § 20-513, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§20–513.
Official statutory text
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:
(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.
(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.
Status: in_force · Read it on the official government site
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