{"data":{"id":"us-md/md.-code-insurance-25-308","jurisdiction":"us-md","citation":"Md. Code, Insurance § 25–308","heading":"","body":"(a) (1) After notice and opportunity for a hearing, the Commissioner may impose a monetary penalty on a person or self–insurance group that the Commissioner finds to be in violation of this subtitle or a regulation adopted under this subtitle.\n(2) A monetary penalty imposed under this subsection may not exceed $1,000 for each violation or $10,000 in the aggregate.\n(3) A person or self–insurance group that is assessed a monetary penalty under this subsection shall pay the penalty to the Commissioner for the use of the State.\n(b) (1) After written notice and opportunity for a hearing, the Commissioner may issue an order that requires a person or self–insurance group to cease and desist from engaging in an act or practice that the Commissioner finds to be in violation of this subtitle or a regulation adopted under this subtitle.\n(2) If the Commissioner finds, after notice and opportunity for a hearing, that a person or self–insurance group has violated an order issued under this subsection, the Commissioner may:\n(i) impose a monetary penalty of not more than $10,000 for each violation of the order or $100,000 in the aggregate; and\n(ii) suspend or revoke the authority of the self–insurance group to operate.\n(c) Notwithstanding any other provision of this subtitle, after notice and opportunity for a hearing, the Commissioner may suspend or revoke the authority of a self–insurance group to operate if the Commissioner determines that the self–insurance group:\n(1) is insolvent;\n(2) failed to pay the special fund contribution or regulatory fee imposed on the self–insurance group;\n(3) failed to comply within the time set with a provision of this subtitle, a regulation adopted under this subtitle, or a lawful order of the Commissioner;\n(4) obtained its authority to operate by fraud, including making a material misrepresentation in the application for authority to operate as a self–insurance group;\n(5) misappropriated, converted, illegally withheld, or refused to pay on proper demand money that has been entrusted to the self–insurance group or its administrator in its fiduciary capacity and that belongs to a member of the self–insurance group, an employee of a member, or a person entitled to payment; or\n(6) for any other reason, must have its authority to operate suspended or revoked to protect the members or insureds of a self–insurance group or the public.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=25-308","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"d0518fae097a7c24efc2559ce1600b6adced6a43fd56a4c199753b9825680fb7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-25-307","next":"us-md/md.-code-insurance-25-401"},"notice":"GroundRules: Original legal text. Not legal advice."}