§ 3693. Judicial review
§ 3693. Judicial review (a) Any person aggrieved by any act, determination, rule, regulation, or order or any other action of the Commissioner pursuant to this subchapter may appeal therefrom to the Superior Court. The Court shall conduct its review without a jury and by trial de novo, except that if all parties, including the […]
§ 3694. Recovery
§ 3694. Recovery (a) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under such order shall have a right to recover on behalf of the insurer where the distribution or payment pursuant to subdivision (1) or (2) of this subsection is made at any time during […]
§ 3683a. Acquisitions involving insurers not otherwise covered
§ 3683a. Acquisitions involving insurers not otherwise covered (a) Definitions. For the purposes of this section: (1) “Acquisition” means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person and includes the acquisition of voting securities and assets, bulk reinsurance, and mergers. (2) […]
§ 3684. Registration of insurers
§ 3684. Registration of insurers (a) Registration. Every insurer which is authorized to do business in this State and which is a member of an insurance holding company system shall register with the Commissioner, except a foreign insurer subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile […]
§ 3665c. Damages
§ 3665c. Damages An insurance company, including a society and an association, is responsible for payment of any consequential damages, including all penalties or costs, caused by improper delay in payment or settlement of claims to claimants, loss payees, or beneficiaries under policies of insurance subject to section 3665a or 3665b of this title. Consequential […]
§ 3666. Rules; methods of notice
§ 3666. Rules; methods of notice Notwithstanding the requirements under sections 3883, 4226, and 4714 of this title, the Commissioner of Financial Regulation shall adopt rules specifying the methods by which a notice to a party required under section 3880, 3881, 4224, 4225, 4712, or 4713 of this title shall be given. (Added 2013, No. […]
§ 3671. Disclosure of information
§ 3671. Disclosure of information (a) Upon written request, an insurance company, its agents, adjusters, or brokers, shall furnish to a law enforcement officer, State’s Attorney, or the Attorney General any and all information pertaining to a fire loss under investigation, including: (1) pertinent insurance policy information relevant to a fire loss under investigation and […]
§ 3672. Immunity
§ 3672. Immunity An insurance company, its agents, adjusters, or brokers shall be immune from civil liability as a result of the furnishing in good faith of information to any law enforcement officer, State’s Attorney or the Attorney General in accordance with the provisions of section 3671 of this title. (Added 1981, No. 73, eff. […]
§ 3673. Penalty for noncompliance
§ 3673. Penalty for noncompliance In the event that an insurance company, its agents, adjusters, or brokers fail to comply with the provisions of section 3671 of this title, the Commissioner may suspend the right of the company to do business in this State until it does so comply and shall suspend the license of […]
§ 3681. Definitions
§ 3681. Definitions As used in this subchapter: (1) “Affiliate” of, or person “affiliated” with, a specific person, means a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified. (2) “Commissioner” means the Commissioner of Financial Regulation or his or […]