Maryland Code, INSURANCE 26-208
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, INSURANCE 26-208
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
After notice and opportunity for a hearing, the Commissioner may suspend or revoke a license if the Commissioner finds that the licensee:
(1) has violated any provision of this title;
(2) has failed to maintain the standards required under this title for the issuance of an initial license;
(3) is insolvent;
(4) has liabilities that exceed its assets;
(5) has engaged in a fraudulent or deceptive act; or
(6) has entered into a service contract the form of which has not been approved by the Commissioner.