Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 7. MARYLAND INSURANCE ACQUISITIONS DISCLOSURE AND CONTROL ACT |
SUBTITLE 8. ENFORCEMENT |
§ 7-802. Civil penalty [Subject to amendment effective January 1, 2014; amended version follows this section]
Latest version.
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(a) In general. -- In addition to any other penalty provided by law, a person that willfully violates this title or any regulation adopted under this title is subject to a penalty of $ 1,000 for the first day of violation and $ 100 for each additional day that the violation continues.
(b) Limitation. -- Before imposing a penalty under this subsection, the Commissioner:
(1) shall give the person that allegedly committed the violation notice and an opportunity for hearing; and
(2) must find that the person willfully committed the violation.