Insurance - Penalties - Unauthorized Insurers, Insurance Producers, and Public Adjusters
Sponsor: Chair, Finance CommitteeCommittee: FinanceSubject: Insurance - Other than HealthStatus: Approved by the Governor - Chapter 120 (as of Nov 13, 2024)
What this bill does
Official synopsis
Altering the maximum civil penalty to which an unauthorized insurer or person that violates certain provisions of State insurance law is subject for each violation; and altering the maximum civil penalty that the Maryland Insurance Commissioner may impose, in addition to suspending or revoking the license, on the holder of an insurance producer license or a public adjuster licensee for each violation of State insurance law.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (2)
MGA witness listFAV 2Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Smith, Joseph | Maryland Insurance Administration | Oral + Written (PDF) |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |