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Maryland Code, Insurance § 20-513

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

The Fund may refuse to accept further applications from a fund producer or may terminate the authority of the fund producer to bind coverage or both if:

(1) the Fund finds that the fund producer has engaged in the practice of binding coverage in the Fund in violation of policies adopted by the Board of Trustees; or

(2) after demand has been made by the Fund, the fund producer fails to pay money owed the Fund as a result of:

(i) the binding or change of coverage; or

(ii) a commission paid to the fund producer on a policy that is canceled after the effective date of coverage.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 20-513 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-20-513/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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