Maryland Insurance Section 7-807

Article - Insurance

§ 7-807.

      (a)      A person may not willfully:

            (1)      violate a provision of this title or a regulation adopted by the Commissioner under this title; or

            (2)      in a document required to be filed under Subtitle 3 or Subtitle 6 of this title:

                  (i)      make an untrue statement of a material fact; or

                  (ii)      omit a material fact that is required in the document or that is necessary to make a statement in the document not misleading.

      (b)      A person that violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 5 years, or both.



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