State Codes and Statutes

Statutes > Maryland > Insurance > Title-8 > Subtitle-6 > 8-609

§ 8-609. Penalties; restitution.
 

Instead of or in addition to suspending or revoking a registration, the Commissioner may: 

(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and 

(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle. 
 

[2004, ch. 275.] 
 

State Codes and Statutes

Statutes > Maryland > Insurance > Title-8 > Subtitle-6 > 8-609

§ 8-609. Penalties; restitution.
 

Instead of or in addition to suspending or revoking a registration, the Commissioner may: 

(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and 

(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle. 
 

[2004, ch. 275.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Insurance > Title-8 > Subtitle-6 > 8-609

§ 8-609. Penalties; restitution.
 

Instead of or in addition to suspending or revoking a registration, the Commissioner may: 

(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and 

(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle. 
 

[2004, ch. 275.]