Sec. 31.04.20.08. Commissioner's Actions  


Latest version.
  • 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.