§ 26-307
153 words·~1 min read·
/md/insurance/26-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§26–307.
(a)Subject to subsection
(c)of this section, the Commissioner shall deny a registration to an appointee or revoke the registration of a registered representative if the Commissioner, for cause and after a hearing, determines that the appointee or representative:
(1)has made a false or misleading statement about the services offered by, or the business of, the licensee represented by the appointee or representative;
(2)has been convicted of a crime involving moral turpitude; or
(3)is otherwise unsuitable to act as a representative.
(b)If the Commissioner denies or revokes a registration under this section, the Commissioner shall notify the licensee and the representative or appointee of the denial or revocation in writing.
(c)The Commissioner need not deny or revoke a registration under this section if the Commissioner concludes, based on all the facts and circumstances, that the public interest would not be served by the denial or revocation.