Maryland SB139 amends insurance laws to alter grounds for denying or revoking third party administrator registration and penalties for violations.
Maryland SB139 modifies the criteria for the Maryland Insurance Commissioner to deny, refuse to renew, suspend, or revoke the registration of a third party administrator. The bill specifies that the Commissioner may take such actions if the applicant or registrant makes a material misstatement, has been convicted of certain crimes, commits fraud or illegal activities, violates insurance laws, or fails to comply with regulations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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