Regulation .09 Compliance and Penalties.
Regulation .09 Compliance and Penalties.LinkCopy Citation
A.
An insurer is responsible for compliance with this chapter.
B.
If a violation of this chapter occurs, because of either the action or the inaction of the insurer or its producer, the Commissioner may order:
(1)
An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer’s, or by its producer’s, violation of this chapter;
(2)
A general agency, independent agency, or a producer to take reasonably appropriate corrective action for any consumer harmed by the producer’s violation of this chapter; and
(3)
Appropriate penalties and sanctions.
C.
Penalties.
(1)
A producer who violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, §10-126, Annotated Code of Maryland.
(2)
An insurer that violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, §4-113, Annotated Code of Maryland.