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Session Laws, 1969
Volume 692, Page 616   View pdf image
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616                               LAWS OF MARYLAND                      [CH. 173

(c) In addition to other remedies and penalties provided in this
subtitle or otherwise available under the laws of this state, any viola-
tion of this subtitle is hereby declared to be an unfair method of
competition or an unfair or deceptive act and practice in the busi-
ness of insurance subject to the provisions of the Unfair Trade Prac-
tices subtitle of this Article and in addition, the Department may,
after notice and hearing:

(1)    refuse to issue, refuse to renew or re-issue, revoke or
suspend for a period not exceeding one year any license or certificate
of authority issued or to be issued by it to any person found to have
violated any of the provisions of this subtitle;

(2)    Proceed in a court of competent jurisdiction within or
without this state against such person, for an injunction to prevent
a violation of this subtitle or to declare or hold invalid any trans-
action made in violation of this subtitle;

(3)    Issue such administrative orders to require compliance with
this subtitle including the filing of evidence of compliance, and peri-
odic reporting as to such compliance, enforceable by such revocation,
suspension, or refusal to issue, renew or re-issue of any such license
or licenses or otherwise pursuant to the laws of this state, or,

(4) Any or all of the foregoing.

(c) (D) Any person obtaining control of a domestic insurer shall
thereby become subject to the jurisdiction of the courts of this state
with regard to any action, whether instituted by the Commissioner
or otherwise, arising out of a violation of this subtitle.

(E) IF ANY PERSON SHALL ACQUIRE OR OFFER TO AC-
QUIRE INSURANCE STOCK OR INSURANCE HOLDING COM-
PANY STOCK IN VIOLATION OF ANY PROVISION OF SEC-
TION 494, THE ISSUER OF THE STOCK SO ACQUIRED OR
PROPOSED TO BE ACQUIRED, ANY STOCKHOLDER OF SUCH
ISSUE, AND (IF SUCH ISSUER IS AN INSURANCE HOLDING
COMPANY ITS INSURER COMPANY SUBSIDIARY), ANY
STOCKHOLDER OF SUCH INSURER, OR THE COMMIS-
SIONER, UPON PROOF OF SUCH VIOLATION, SHALL BE EN-
TITLED TO A DECREE ENJOINING SUCH ACQUISITION OR
OFFER, AND FOR SUCH FURTHER RELIEF AS THE COURT
SHALL DEEM APPROPRIATE, FROM ANY COURT OF REC-
ORD IN THIS STATE.

501.

The powers, remedies, procedures and penalties provided in this
subtitle shall be in addition to, and not in limitation of, any other
powers, remedies, procedures and penalties otherwise provided by
law.

502.

If any provision of this Act or the application thereof to any per-
son or circumstance is held invalid, the invalidity shall not affect
other provisions or applications of this Act which can be given effect
without the invalid provision or application, and for this purpose the
provisions of this Act are declared to be separable.