Volume 773, Page 3515 View pdf image |
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WILLIAM DONALD SCHAEFER, Governor S.B. 290 [(5)] (3) Except for the prepayment of periodic payments or excess [(6)](4) Misappropriate or unreasonably withhold funds received or held (5) MISAPPROPRIATE BENEFITS UNDER AN INSURANCE POLICY.
[(b)](C) It shall be a fraudulent insurance act for an insurer doing business in this (1) Is required to have a certificate of qualification under this article; and (2) Has not received a certificate of qualification under this article. [(c)] (D) (1) It shall be a fraudulent insurance act for a person to act as or hold (2) It shall be a fraudulent insurance act for an agent or broker to: (i) Solicit or take application for, procure, or place for others any (ii) Knowingly violate the provisions of § 167(d) of this article; or (iii) Intentionally fail to report to an insurer the exact amount of [(d)](E) It shall be a fraudulent insurance act for a person to: (1) Knowingly or willfully make any false or fraudulent statement or (2) Place insurance with an unauthorized insurer not regulated by the - 3515 -
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Volume 773, Page 3515 View pdf image |
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