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Maryland · Through 2026-01-01

Md. Code, Insurance § 32–109

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Where this section sits in the code
  1. Article - Insurance

(a) Subject to § 2–210 of this article, a carrier that, without just cause, fails to timely file an ORSA Summary Report as required by this title is subject to a penalty of $200 for each day the violation continues, up to a maximum of $25,000.

(b) The Commissioner may reduce the penalty under subsection (a) of this section if the carrier demonstrates to the Commissioner that the imposition of the penalty would constitute a financial hardship to the carrier.

(c) This section does not limit the authority of the Commissioner to take any other action authorized by this article.

Collected 2026-09-14T19:59:28Z. Source file · JSON

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