Md. Code Regs. 31.04.20.08

Current through Register Vol. 51, No. 26, December 27, 2024

Section 31.04.20.08 - Commissioner's Actions

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.

Md. Code Regs. 31.04.20.08