§ 20–514
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 20-514 (2026)
Title 20. Maryland Automobile Insurance Fund
Subtitle 5. Policies for Covered Vehicles
§ 20–514LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, the Fund shall give prior written notice to a fund producer of its intended action under § 20–513 of this subtitle and give the fund producer an opportunity for a hearing before taking the action.
(b)
(1)
The Fund may exercise immediately any option under § 20–513 of this subtitle if the Fund determines that there is a likelihood of substantial and immediate harm to the Fund, its policyholders, or others because of:
(i)
a violation of a policy adopted by the Board of Trustees that relates to the binding of coverage; or
(ii)
a failure to pay money owed.
(2)
After taking an action under § 20–513 of this subtitle, the Fund promptly shall give notice to the fund producer and hold a hearing within 10 working days before a member of the Board of Trustees.
(c)
The Board of Trustees shall adopt policies to provide procedures for notice and hearings under this section.