§ 2–107
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 2-107 (2026)
Title 2. Maryland Insurance Administration
Subtitle 1. Organization of Administration; General Powers and Duties of Commissioner
§ 2–107LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, the Commissioner or a deputy, examiner, assistant, or employee of the Commissioner may not be financially interested in an insurer, insurance agency, or insurance transaction, other than as a policyholder or claimant under a policy.
(b)
The Commissioner may employ or retain an actuary, attorney, or other technician who is similarly employed or retained by insurers or other persons if the individual:
(1)
is independently practicing the profession of the individual; and
(2)
does not have a conflict of interest in the matter for which the individual is employed or retained.