Maryland § 8-511
Full text of Maryland Maryland Code § 8-511, with citation guidance and answers to common questions.
§ 8-511.
(a) Subject to the hearing provisions of §§ 2-210 through 2-214 of this article, the Commissioner may deny, refuse to renew, suspend, or revoke a reinsurance intermediary’s license, or a reinsurance intermediary’s insurance producer license, if the reinsurance intermediary has violated this subtitle or § 10-126 of this article.
(b) Instead of or in addition to the penalties provided in subsection (a) of this section, the Commissioner:
(1) may impose a penalty not exceeding $5,000 for each violation of this subtitle;
(2) may bring a civil action for the benefit of an insurer or reinsurer and its policyholders and creditors to recover compensatory damages or may seek other appropriate relief; and
(3) may impose any other penalty authorized by this article.
(c) An order of the Commissioner issued under this section is subject to judicial review in accordance with § 2-215 of this article.
(d) A receiver appointed under Title 9, Subtitle 2 of this article may bring a civil action to recover damages or for other appropriate sanctions for the benefit of an insurer if the receiver determines that:
(1) a reinsurance intermediary or other person has failed to comply materially with this subtitle; and
(2) the failure has caused an insurer under an order of rehabilitation or liquidation to suffer a loss or damage.
(e) This section is not intended to limit the rights of policyholders or claimants of an insurer or reinsurer.
Frequently Asked Questions About Maryland § 8-511
What does Maryland Code § 8-511 cover?
Section 8-511 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 8-511?
A common citation format is "Maryland Code § 8-511" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 8-511 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.