Maryland Code, INSURANCE 8-609
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, INSURANCE 8-609
- 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
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
Instead of or in addition to suspending or revoking a registration, the Commissioner may:
(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and
(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle.