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PARRIS N. GLENDENING, Governor
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Ch. 317
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(2) THE COMMISSIONER SHALL ANNUALLY TRANSFER THE AMOUNT OF
INSURANCE FRAUD PREVENTION FEES COLLECTED TO THE DEPARTMENT OF STATE
POLICE TO BE USED FOR THE SOLE PURPOSE OF FUNDING THE ACTIVITIES OF THE
INSURANCE FRAUD DIVISION.
(B) For each insurer, health maintenance organization, nonprofit health
service plan, fraternal benefit society, or any entity operating in the State under the
regulatory jurisdiction of the Commissioner other than a premium finance company, a
fraternal benefit society that collected less than $75,000 in premiums in the
preceding calendar year, or a motor club, the fraud prevention fee shall be:
(1) [$1,000;
(2)] due on or before June 30 of each year; and
[(3)(2) if applicable, payable with the certificate of authority or license
renewal fee.
[(b)] For each insurance producer, public adjuster, insurance adviser, or
third-party administrator qualified, licensed, or registered by the Commissioner, the
fraud prevention fee shall be:
(1) [$15;
(2)] due on or before June 30 of every other year; and
[(3)] (2) if applicable, payable with the certificate of qualification,
license, or registration renewal fee.
[(e)] Any person that has more than one of the certificates of qualification,
licenses, or registrations listed in subsection [(b)](C) of this section shall pay the
[$15] fraud prevention fee only once per renewal period.
6-204.
(A) THERE IS AN INSURANCE FRAUD DIVISION FUND.
(B) THE PURPOSE OF THE FUND IS TO PAY ALL COSTS AND EXPENSES
INCURRED BY THE DEPARTMENT OF STATE POLICE RELATED TO THE OPERATION OF
THE FRAUD DIVISION.
(C) THE FUND SHALL CONSIST OF:
(1) THE FEES COLLECTED AND DEPOSITED IN THE FUND BY THE
COMMISSIONER UNDER § 6-202 OF THIS ARTICLE; AND
(2) INCOME FROM INVESTMENTS THE STATE TREASURER MAKES FOR
THE FUND.
(D) (1) ALL COSTS AND EXPENSES OF THE FRAUD DIVISION SHALL BE
INCLUDED IN THE STATE BUDGET.
(2) EXPENDITURES FROM THE FUND TO COVER COSTS AND EXPENSES
OF THE FRAUD DIVISION MAY ONLY BE MADE:
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- 2793 -
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