Ch. 35

1997 LAWS OF MARYLAND

DISSEMINATING, OR CIRCULATING OF AN ORAL OR WRITTEN STATEMENT OR A
PAMPHLET, CIRCULAR, ARTICLE, OR LITERATURE THAT:

(1) IS FALSE OR MALICIOUSLY CRITICAL OF OR DEROGATORY TO THE
FINANCIAL CONDITION OF AN INSURER OR PERSON PROPOSING TO BECOME AN
INSURER; AND

(2) IS CALCULATED TO INJURE A PERSON ENGAGED IN OR PROPOSING
TO ENGAGE IN THE BUSINESS OF INSURANCE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 219.

In item (1) of this section, the reference to a "person" is substituted for the
former reference to an "organization" for conformity with item (2) of this
section.

Defined terms: "Insurance" § 1-101
"Insurer" § 1-101
"Person" § 1-101

27-205. FALSE STATEMENTS OF FINANCIAL CONDITION OF INSURER.

(A) IN GENERAL.

A PERSON MAY NOT KNOWINGLY FILE WITH A SUPERVISORY OR OTHER
PUBLIC OFFICIAL, MAKE, PUBLISH, DISSEMINATE, CIRCULATE, DELIVER TO
ANOTHER PERSON, PLACE BEFORE THE PUBLIC, OR CAUSE DIRECTLY OR
INDIRECTLY TO BE MADE, PUBLISHED, DISSEMINATED, CIRCULATED, DELIVERED
TO ANOTHER PERSON, OR PLACED BEFORE THE PUBLIC A FALSE STATEMENT OF
THE FINANCIAL CONDITION OF AN INSURER.

(B) ENTRIES IN BOOKS. REPORTS, OR STATEMENTS.
A PERSON MAY NOT:

(1) MAKE A FALSE ENTRY IN A BOOK, REPORT, OR STATEMENT OF AN
INSURER WITH INTENT TO DECEIVE AN AGENT OR EXAMINER LAWFULLY
APPOINTED TO EXAMINE THE CONDITION OR AFFAIRS OF THE INSURER OR A
PUBLIC OFFICIAL TO WHOM THE INSURER IS REQUIRED BY LAW TO REPORT OR
WHO HAS AUTHORITY BY LAW TO EXAMINE THE CONDITION OR AFFAIRS OF THE
INSURER; OR

(2) WITH INTENT TO DECEIVE, WILLFULLY OMIT TO MAKE A TRUE
ENTRY OF A MATERIAL FACT ABOUT THE BUSINESS OF THE INSURER IN A BOOK,
REPORT, OR STATEMENT OF THE INSURER.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 221.

Defined terms: "Insurer" § 1-101
"Person" § 1-101

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