§ 10–212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 10-212 (2026)
Title 10. Regulation of Insurance Professions
Subtitle 2. Advisers
§ 10–212LinkCopy Citation
(a)
Subject to the hearing provisions of Title 2 of this article, the Commissioner may suspend or revoke a license if the licensee:
(1)
has violated this article;
(2)
has violated any law while acting as an adviser;
(3)
has made a material misstatement in the application for the license;
(4)
has been guilty of fraudulent or dishonest practices; or
(5)
has demonstrated incompetency or untrustworthiness to act as an adviser.
(b)
(1)
Any licensee or any person aggrieved may file with the Commissioner a verified complaint that states facts that show sufficient grounds to suspend or revoke a license.
(2)
On the filing of a complaint, the Commissioner, after notice and hearing, shall determine whether to suspend or revoke the license.
(c)
An adviser whose license has been revoked may not obtain another license or renew a license for at least 1 year after:
(1)
the date of revocation, if there is no judicial review; or
(2)
the final determination in the judicial proceeding confirming the revocation, if there is judicial review.