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Maryland Code, Insurance § 14-140

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) A person may not engage in the business of operating a nonprofit health service plan unless the person has a certificate of authority issued by the Commissioner under this subtitle.

(2) A person that violates this subsection is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $50,000 for each violation.

(b)(1) A person may not:

(i) violate a provision of this subtitle; or

(ii) make a willfully false statement in a written document required by this subtitle to be filed with the Commissioner.

(2) A person that violates this subsection is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $5,000 for each violation or imprisonment not exceeding 1 year or both.

(c) A person that willfully makes a false statement while under an oath administered by the Commissioner or designee of the Commissioner at an investigation or hearing conducted by the Commissioner or designee of the Commissioner is guilty of perjury.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 14-140 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-14-140/

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