Md. Code Regs. 31.02.04.02

Current through Register Vol. 51, No. 10, May 17, 2024

Section 31.02.04.02 - Requirements

In determining the amount of the financial penalty to be imposed, the Commissioner shall consider the following:

A. The seriousness of the violation;

B. The good faith of the violator;

C. The violator's history of previous violations;

D. The deleterious effect of the violation on the public and the insurance industry; and

E. The assets of the violator.

Md. Code Regs. 31.02.04.02