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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) It is a fraudulent insurance act for a person to act as or represent to the public that the person is:
(1) an insurance producer or a public adjuster in the State if the person has not received the appropriate license under or otherwise complied with Title 10 of this article;
(2) a navigator of the Small Business Health Options Program of the Maryland Health Benefit Exchange if the person has not received the appropriate license under or otherwise complied with § 31-112 of this article;
(3) a navigator of the Individual Exchange of the Maryland Health Benefit Exchange if the person has not received the appropriate certification under or otherwise complied with § 31-113 of this article; or
(4) an application counselor certified by the Individual Exchange of the Maryland Health Benefit Exchange if the person has not received the appropriate certification under or otherwise complied with § 31-113(r) of this article.
(b) It is a fraudulent insurance act for an insurance producer:
(1) to solicit or take application for, procure, or place for others insurance for which the insurance producer has not obtained an appropriate license;
(2) knowingly to violate § 10-130 of this article; or
(3) intentionally to fail to report to an insurer the exact amount of consideration charged as a premium for an insurance contract, if different from the policy premium, and to fail to maintain records that show that information.
Cite this article: FindLaw.com - Maryland Code, Insurance § 27-405 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-27-405/
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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