2013 Maryland Code
INSURANCE
§ 7-807 - Criminal penalties; false statements, reports, or filings (Effective January 1, 2014)


MD Ins Code § 7-807 (2013) What's This?

§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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