Ch. 36

1995 LAWS OF MARYLAND

(10)    HAS FAILED TO PASS AN EXAMINATION REQUIRED BY THIS
SUBTITLE;

(11)    HAS WILLFULLY FAILED TO COMPLY WITH OR HAS WILLFULLY
VIOLATED A PROPER ORDER OR REGULATION OF THE COMMISSIONER;

(12)    HAS FAILED OR REFUSED TO PAY OVER ON DEMAND MONEY THAT
BELONGS TO AN INSURER, AGENT, BROKER, OR OTHER PERSON ENTITLED TO THE
MONEY;

(13)    HAS OTHERWISE SHOWN A LACK OF TRUSTWORTHINESS OR
COMPETENCE TO ACT AS A MANAGING GENERAL AGENT;

(14)    IS NOT OR DOES NOT INTEND TO CARRY ON BUSINESS IN GOOD
FAITH AND REPRESENT TO THE PUBLIC THAT THE PERSON IS A MANAGING
GENERAL AGENT;

(15)    HAS BEEN DENIED A LICENSE OR CERTIFICATE AS A MANAGING
GENERAL AGENT OR HAS HAD A LICENSE OR CERTIFICATE SUSPENDED OR
REVOKED IN ANOTHER STATE;

(16)    HAS INTENTIONALLY OR WILLFULLY MADE OR ISSUED, OR CAUSED
TO BE MADE OR ISSUED, A STATEMENT THAT MATERIALLY MISREPRESENTS OR
MAKES INCOMPLETE COMPARISONS ABOUT THE TERMS OR CONDITIONS OF A
POLICY OR CONTRACT ISSUED BY AN AUTHORIZED INSURER, FOR THE PURPOSE OF
INDUCING OR ATTEMPTING TO INDUCE THE OWNER OF THE POLICY OR CONTRACT
TO FORFEIT OR SURRENDER IT OR ALLOW IT TO LAPSE IN ORDER TO REPLACE IT
WITH ANOTHER; OR

(17)    HAS TRANSACTED INSURANCE BUSINESS THAT WAS DIRECTED TO
THE APPLICANT OR HOLDER FOR CONSIDERATION BY A PERSON WHOSE LICENSE
OR CERTIFICATE TO ENGAGE IN THE INSURANCE BUSINESS AT THE TIME WAS
SUSPENDED OR REVOKED, AND THE APPLICANT OR HOLDER KNEW OR SHOULD
HAVE KNOWN OF THE SUSPENSION OR REVOCATION.

(B) MANDATORY DENIALS, REFUSALS TO RENEW, SUSPENSIONS, AND
REVOCATIONS — GROUNDS.

THE COMMISSIONER SHALL DENY A CERTIFICATE OF QUALIFICATION TO AN
APPLICANT OR REFUSE TO RENEW, SUSPEND, OR REVOKE A CERTIFICATE OF
QUALIFICATION IF THE APPLICANT OR HOLDER OF THE CERTIFICATE OF
QUALIFICATION:

(1)      IS INSOLVENT;

(2)      IS CONDUCTING BUSINESS FRAUDULENTLY;.

(3)      UNREASONABLY REFUSES OR DELAYS PAYMENT TO CLAIMANTS OF
AMOUNTS DUE THEM;

(4)      FAILS TO PAY ANY FINAL JUDGMENT ENTERED AGAINST THE
APPLICANT OR HOLDER IN THE STATE WITHIN 60 DAYS AFTER THE JUDGMENT
BECOMES FINAL;

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