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ROBERT L. EHRLICH, JR., Governor Ch. 349
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved May 2, 2006.
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CHAPTER 349
(House Bill 739)
AN ACT concerning
Insurance - Improper Premiums and Charges - Bail Bonds - Civil Penalty
FOR the purpose of establishing a certain civil penalty for collecting a certain
improper premium or charge for insurance with regard to a bail bond; and
generally relating to improper premiums and charges for insurance.
BY repealing and reenacting, without amendments,
Article - Insurance
Section 27-216(b)(1)
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
BY adding to
Article - Insurance
Section 27-216(f)
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
27-216.
(b) (1) A person may not willfully collect a premium or charge for insurance
that:
(i) exceeds or is less than the premium or charge applicable to that
insurance under the applicable classifications and rates as filed with and approved by
the Commissioner; or
(ii) if classifications, premiums, or rates are not required by this
article to be filed with and approved by the Commissioner, exceeds or is less than the
premium or charge specified in the policy and set by the insurer.
(F) IN ADDITION TO ANY CIVIL PENALTY OTHER SANCTION OTHERWISE
APPLICABLE, A PERSON THAT VIOLATES SUBSECTION (B)(1) OF THIS SECTION WITH
REGARD TO A BAIL BOND IS SUBJECT TO A CIVIL PENALTY NOT EXCEEDING $5,000
FOR EACH VIOLATION.
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- 1837 -
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