Maryland Statutes

§ 26-502

Maryland·Article gin Insurance·Title 26
(a)A person that willfully violates this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 1 year or both.
(b)In addition to any other penalty provided in this title, the Commissioner after notice and hearing may impose on a licensee or representative for each violation of this title a penalty:
(1)not exceeding $25,000 for a licensee; or
(2)not exceeding $5,000 for a representative.
(c)Instead of or in addition to a penalty imposed under this section, the Commissioner may require that restitution be made to any citizen who has suffered financial injury because of a violation of this title.

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Nearby Sections

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§ 26-101
§ 26-101
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§ 26-201
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§ 26-207
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§ 26-208
§ 26-209
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§ 26-301
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§ 26-303
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