§ 3-317
141 words·~1 min read·
/md/insurance/3-317A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–317.
(a)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 report 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)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.