PARRIS N. GLENDENING, Governor

Ch. 649

(b) The total amount of the fraud prevention fee collected by the Commissioner
shall be deposited in the Insurance Fraud Division Fund for the sole purpose of funding
the activities of the Insurance Fraud Division.

[640C.

The fraud prevention fee shall be:

(1)     For each insurer or other entity authorized to operate in the State under
this article:

(i) In 1995, $750; and

(ii) In 1996, and thereafter, $1,000; and

(2)     $10 for each agent licensed by the Commissioner.]
640C.

(A)     FOR EACH INSURER, HEALTH MAINTENANCE ORGANIZATION,
NONPROFIT HEALTH SERVICE PLAN REGULATED UNDER SUBTITLE 20 OF THIS
ARTICLE, FRATERNAL BENEFIT SOCIETY, OR OTHER ANY ENTITY OPERATING IN
THE STATE UNDER THE REGULATORY JURISDICTION OF THE COMMISSIONER
OTHER THAN A PREMIUM FINANCE COMPANY OR MOTOR CLUB, THE FRAUD
PREVENTION FEE SHALL BE:

(1)      $1,000;

(2)      DUE ON OR BEFORE JUNE 30 OF EACH YEAR; AND

(3)      IF APPLICABLE, PAYABLE WITH THE RENEWAL OF THE CERTIFICATE
OF AUTHORITY.

(B)     FOR EACH AGENT, BROKER, PUBLIC ADJUSTER, INSURANCE ADVISOR,
FRATERNAL BENEFIT AGENT, OR THIRD PARTY ADMINISTRATOR QUALIFIED,
LICENSED, OR REGISTERED BY THE COMMISSIONER, THE FRAUD PREVENTION FEE
SHALL BE:

(1)      $20 $15;

(2)      DUE ON OR BEFORE JUNE 30 OF EVERY OTHER YEAR; AND

(3)      IF APPLICABLE, PAYABLE WITH THE CERTIFICATE OF
QUALIFICATION, LICENSE, OR REGISTRATION RENEWAL FEE.

(C)     ANY PERSON THAT HAS MORE THAN ONE OF THE CERTIFICATES OF
QUALIFICATION, LICENSES, OR REGISTRATIONS LISTED UNDER SUBSECTION (B) OF
THIS SECTION SHALL ONLY PAY THE $20 $15 FRAUD PREVENTION FEE ONCE PER
RENEWAL PERIOD.

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