Maryland HB277 amends insurance laws to alter enforcement actions against third party administrators.

Maryland HB277 modifies the grounds for the Maryland Insurance Commissioner to deny, refuse to renew, suspend, or revoke the registration of a third party administrator. It also changes the violations for which the Commissioner can impose civil penalties. The bill specifies that penalties should consider factors such as the seriousness of the violation, the violator's good faith, previous violations, the impact on the plan, and the violator's assets.

Maryland HB277 amends insurance laws to alter enforcement actions against third party administrators.

Maryland HB277 modifies the grounds for the Maryland Insurance Commissioner to deny, refuse to renew, suspend, or revoke the registration of a third party administrator. It also changes the violations for which the Commissioner can impose civil penalties. The bill specifies that penalties should consider factors such as the seriousness of the violation, the violator's good faith, previous violations, the impact on the plan, and the violator's assets.