Maryland Insurance Section 26-502

Article - Insurance

§ 26-502.

      (a)      A person that willfully violates this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 1 year or both.

      (b)      In addition to any other penalty provided in this title, the Commissioner after notice and hearing may impose on a licensee or representative for each violation of this title a penalty:

            (1)      not exceeding $25,000 for a licensee; or

            (2)      not exceeding $5,000 for a representative.

      (c)      Instead of or in addition to a penalty imposed under this section, the Commissioner may require that restitution be made to any citizen who has suffered financial injury because of a violation of this title.



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