Maryland Statutes

§ 32-109

Maryland·Article gin Insurance·Title 32
(a)Subject to § 2–210 of this article, a carrier that, without just cause, fails to timely file an ORSA Summary Report as required by this title is subject to a penalty of $200 for each day the violation continues, up to a maximum of $25,000.
(b)The Commissioner may reduce the penalty under subsection (a) of this section if the carrier demonstrates to the Commissioner that the imposition of the penalty would constitute a financial hardship to the carrier.
(c)This section does not limit the authority of the Commissioner to take any other action authorized by this article.

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Nearby Sections

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§ 32-101
§ 32-101
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§ 32-107
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§ 32-108
§ 32-108
§ 32-109
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§ 32-110
§ 32-110
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