# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 02 — Powers and Duties — Hearings

### Chapter 04 — Penalties

**Authority:** Insurance Article, §§2-108, 2-109, and 2-201, Annotated Code of Maryland

**Administrative History:** Effective date: August 24, 1987 (14:17 Md. R. 1871)

**Administrative History:** Chapter recodified from COMAR 09.30.81 to COMAR 31.02.04 effective September 7, 1998 (25:18 Md. R. 1439)

#### Regulation .01 Scope.

*COMAR 31.02.04.01*

These regulations apply in any instance in which the Insurance Commissioner intends to impose a financial penalty.

#### Regulation .02 Requirements.

*COMAR 31.02.04.02*

In determining the amount of the financial penalty to be imposed, the Commissioner shall consider the following:

A. The seriousness of the violation;

B. The good faith of the violator;

C. The violator's history of previous violations;

D. The deleterious effect of the violation on the public and the insurance industry; and

E. The assets of the violator.