Maryland Insurance Section 27-305

Article - Insurance

§ 27-305.

      (a)      The Commissioner may impose a penalty not exceeding $2,500 for each violation of § 27-303 of this subtitle or a regulation adopted under § 27-303 of this subtitle.

      (b)      The penalty for a violation of § 27-304 of this subtitle is as provided in §§ 1-301, 4-113, 4-114, and 27-103 of this article.

      (c)      (1)      On finding a violation of this subtitle, the Commissioner may require an insurer or nonprofit health service plan to make restitution to each claimant who has suffered actual economic damage because of the violation.

            (2)      Restitution may not exceed the amount of actual economic damage sustained, subject to the limits of any applicable policy.



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