Maryland Insurance Section 20-513

Article - Insurance

§ 20-513.

      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 regulations 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.



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