§ 7-4A-13. Claim for loss -- Liability of licensee -- Suspension of license

   (a) Immediate suspension. -- If the Board orders payment by the Fund of a claim based on an act or omission for which a licensee is responsible, the Board immediately and without further proceedings shall suspend the license of the licensee.

(b) Conditions for reinstatement. -- The Board may not reinstate a license that is suspended under this section until the person whose license was suspended:

   (1) Repays in full:

      (i) The amount paid by the Fund; and

      (ii) The interest due under § 7-4A-12(a)(2) of this subtitle; and

   (2) Applies to the Board for reinstatement of the license.

(c) Reimbursement does not affect disciplinary action. -- Regardless of whether the disciplinary sanction was imposed for the same act or omission that gave rise to the claim against the Fund, the reimbursement of the Fund by a licensee does not affect any sanction imposed by the Board against a person under the disciplinary provisions of § 7-316 through 7-320 of this title.

HISTORY: 2008, ch. 532, § 1.