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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 8. ENTITIES THAT ACT AS INSURERS |
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SUBTITLE 6. VIATICAL SETTLEMENT PROVIDERS AND VIATICAL SETTLEMENT BROKERS |
§ 8-609. Penalties; restitution
Latest version.
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Instead of or in addition to suspending or revoking a registration, the Commissioner may:
(1) impose on the holder a penalty not exceeding $ 125,000 for each violation of this subtitle; and
(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle.