Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 04. INSURERS |
Chapter 31.04.20. Market Conduct Actions |
Sec. 31.04.20.08. Commissioner's Actions
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A. Based on the information reviewed during a market conduct analysis the Commissioner may, in the Commissioner's sole discretion:
(1) Broaden the scope and period of the market conduct analysis;
(2) Conduct a market conduct investigation or market conduct examination;
(3) Issue an order; or
(4) Take any other action authorized or reasonably implied by Insurance Article, Annotated Code of Maryland.
B. If the Commissioner conducts a market conduct investigation, the Commissioner may, in the Commissioner's sole discretion, based on the information reviewed during the market conduct investigation:
(1) Broaden the scope and period of the market conduct investigation;
(2) Conduct a market conduct examination;
(3) Issue an order; or
(4) Take any other action authorized or reasonably implied by Insurance Article, Annotated Code of Maryland.
C. If the Commissioner conducts a market conduct examination, the Commissioner may, in the Commissioner's sole discretion, based on the information reviewed during the market conduct examination:
(1) Conduct a market conduct investigation of a particular matter;
(2) Broaden the scope and period of the market conduct examination;
(3) Issue an order; or
(4) Take any other action authorized or reasonably implied by Insurance Article, Annotated Code of Maryland.