§ 14-112
110 words·~1 min read·
/md/insurance/14-112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–112.
The Commissioner may revoke a certificate of authority issued to a corporation subject to this subtitle, and at any time after revocation may institute proceedings under Title 9, Subtitle 2 of this article to rehabilitate or liquidate the corporation, if:
(1)grounds exist under § 4-113 of this article; or
(2)the Commissioner has reason to believe that the corporation:
(i)is being operated for profit;
(ii)is being fraudulently conducted;
(iii)is not complying with this subtitle or article;
(iv)knowingly is failing to comply with a rule, regulation, or order of the Commissioner; or
(v)has violated the provisions of Title 6.5 of the State Government Article.