Section 27-210 – Effect of 27-208 and 27-209 of This Subtitle
(a) Sections 27–208 and 27–209 of this subtitle may not be construed to include within the definition of discrimination or rebates any of the practices set forth in this section. (b) For a contract of life insurance or an annuity contract, it is not discrimination or a rebate to pay bonuses to policyholders or otherwise abate their […]
Section 27-211 – Use of Insurance as Inducement
(a) This section does not apply to: (1) insurance on the life of a debtor in connection with a specific loan or other credit transaction; (2) insurance on a debtor that provides indemnity for payments that are due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy; or (3) life […]
Section 27-212 – Rebates and Unfair Discrimination — Insurance Other Than Life Insurance, Health Insurance, and Annuities
(a) This section does not apply to life insurance, health insurance, and annuities. (b) Except to the extent provided for in an applicable filing with the Commissioner as provided by law, an insurer, employee or representative of an insurer or insurance producer may not pay, allow, give, or offer to pay, allow, or give directly or indirectly […]
Section 27-213 – Twisting Prohibited
A person may not make, issue, or cause to be made or issued an oral or written statement that misrepresents or makes incomplete comparisons about the terms, conditions, or benefits contained in a policy for the purpose of inducing or attempting or tending to induce the policyholder to forfeit, surrender, retain, exchange, or convert a […]
Section 27-214 – Coerced or Tie-in Sales
(a) (1) A person may not require another person to buy insurance through a particular insurance producer or insurer as a condition, agreement, or understanding with respect to selling or providing a loan, credit, sale, goods, property, contract, lease, or service to the other person. (2) An insurance producer or insurer may not participate in a combination plan […]
Section 27-215 – Interlocking Ownership or Management
(a) An insurer may retain, invest in, or acquire all or part of the capital stock of another insurer or have common management with another insurer, unless the retention, investment, acquisition, or common management is inconsistent with another provision of this article or causes the business of the insurers with the public to be conducted in […]
Section 27-216 – Improper Premiums and Charges
(a) A person may not willfully collect a premium or charge for insurance if the insurance is not then provided, or is not in due course to be provided subject to acceptance of the risk by the insurer, in a policy issued by an insurer as authorized by this article. (b) (1) A person may not willfully collect […]
Section 27-217 – Group Insurance
(a) This section does not apply to: (1) life insurance; (2) health insurance; (3) annuity contracts; or (4) a pooling arrangement by athletic clubs, charitable organizations, community associations, homeowners’ associations, and public entities under Title 19, Subtitle 6 of this article to purchase insurance under this section. (b) An authorized insurer or unauthorized insurer may not make available to a firm, […]
Section 27-218 – Burial Insurance Benefits
(a) All burial insurance benefits shall be paid in cash to the beneficiary. (b) A person engaged in the business of burial insurance may not pay or contract to pay wholly or partly burial insurance or its benefits to: (1) an official mortician, funeral director, or undertaker; (2) a designated mortician, funeral director, undertaker, or funeral directing or undertaking […]
Section 26-305 – Term and Renewal of Registration
(a) A registration expires on the first August 31 after its effective date unless it is renewed as provided in this section. (b) At least 1 month before a registration expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the licensee on record a notice […]