2013 Maryland Code
INSURANCE
§ 27-405 - Representations to public by unlicensed persons.


MD Ins Code § 27-405 (2013) What's This?

§27-405.

(a) It is a fraudulent insurance act for a person to act as or represent to the public that the person is an insurance producer or a public adjuster in the State if the person has not received the appropriate license under or otherwise complied with Title 10 of this article.

(b) It is a fraudulent insurance act for an insurance producer:

(1) to solicit or take application for, procure, or place for others insurance for which the insurance producer has not obtained an appropriate license;

(2) knowingly to violate § 10-130 of this article; or

(3) intentionally to fail to report to an insurer the exact amount of consideration charged as a premium for an insurance contract, if different from the policy premium, and to fail to maintain records that show that information.

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