§ 3–317
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 3-317 (2026)
Title 3. Kinds of Insurers
Subtitle 3. Surplus Lines Insurance
§ 3–317LinkCopy Citation
(a)
The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker:
(1)
if the surplus lines broker fails to file the report required by this subtitle;
(2)
if the surplus lines broker fails to remit the tax required by this subtitle;
(3)
if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records;
(4)
if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or
(5)
for any applicable ground for suspending or revoking the license of an insurance producer under this article.
(b)
The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed.