{"data":{"id":"us-md/md.-code-insurance-20-514","jurisdiction":"us-md","citation":"Md. Code, Insurance § 20–514","heading":"","body":"(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.\n(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:\n(i) a violation of a policy adopted by the Board of Trustees that relates to the binding of coverage; or\n(ii) a failure to pay money owed.\n(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.\n(c) The Board of Trustees shall adopt policies to provide procedures for notice and hearings under this section.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=20-514","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"a35663f1ee6650187ff86c938b84d2782769273cf289116fef3d2fc30030ddfa","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-20-513","next":"us-md/md.-code-insurance-20-515"},"notice":"GroundRules: Original legal text. Not legal advice."}