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31.02.04.00.htm 31.02.04.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 02 POWERS AND DUTIES ― HEARINGS Chapter 04 Penalties Authority: Insurance Article, §2-108, 2-109, and 2-201, Annotated Code of Maryland
31.02.04.01.htm 31.02.04.01. 01 Scope.. These regulations apply in any instance in which the Insurance Commissioner intends to impose a financial penalty.
31.02.04.02.htm 31.02.04.02. 02 Requirements.. In determining the amount of the financial penalty to be imposed, the Commissioner shall consider the following:A. The seriousness of the violation;. B. The good faith of the violator;. C. The violator's history of previous violations;. D. The deleterious effect of the violation on the public and the insurance industry; and. E. The assets of the violator..
31.02.04.9999.htm 31.02.04.9999. Administrative History Effective date: August 24, 1987 (14:17 Md. R. 1871) ―. Chapter recodified from COMAR 09.30.81 to COMAR 31.02.04 effective September 7, 1998 (25:18 Md. R. 1439)
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