Section 3-317 - Suspensions and revocations. - Maryland Statutes

§ 3-317. Suspensions and revocations.
 

(a)  Grounds for suspension or revocation.- The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker: 

(1) if the surplus lines broker fails to file the semiannual statement required by this subtitle; 

(2) if the surplus lines broker fails to remit the tax required by this subtitle; 

(3) if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records; 

(4) if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or 

(5) for any applicable ground for suspending or revoking the license of an insurance producer under this article. 

(b)  Reinstatement after suspension or revocation.- The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed. 
 

[An. Code 1957, art. 48A, § 196; 1995, ch. 36; 2001, ch. 731, § 1.]