§ 2-107
102 words·~1 min read·
/md/insurance/2-107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§2–107.
(a)Except as provided in subsection
(b)of this section, the Commissioner or a deputy, examiner, assistant, or employee of the Commissioner may not be financially interested in an insurer, insurance agency, or insurance transaction, other than as a policyholder or claimant under a policy.
(b)The Commissioner may employ or retain an actuary, attorney, or other technician who is similarly employed or retained by insurers or other persons if the individual:
(1)is independently practicing the profession of the individual; and
(2)does not have a conflict of interest in the matter for which the individual is employed or retained.