Maryland Code, INSURANCE 6-203
Terms Used In Maryland Code, INSURANCE 6-203
- Administrator: includes an executor and a personal representative. See
- Fraud: Intentional deception resulting in injury to another.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) $1,000;
(2) due on or before June 30 of each year; and
(3) if applicable, payable with the certificate of authority or license renewal fee.
(b) For each insurance producer, public adjuster, insurance adviser, or third party administrator qualified, licensed, or registered by the Commissioner, the fraud prevention fee shall be:
(1) $15;
(2) due on or before June 30 of every other year; and
(3) if applicable, payable with the certificate of qualification, license, or registration renewal fee.
(c) Any person that has more than one of the certificates of qualification, licenses, or registrations listed in subsection (b) of this section shall pay the $15 fraud prevention fee only once per renewal period.