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MARYLAND INSURANCE * BEFORE THE ADMINISTRATION * MARYLAND v - mdinsurance state md

MARYLAND INSURANCE * BEFORE THE ADMINISTRATION * MARYLAND v - mdinsurance state md 2025

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The document is a Consent Order between the Maryland Insurance Administration and Steven D. Yarn, an insurance producer, regarding his failure to disclose prior disciplinary actions from the Securities Commissioner and NASD. Yarn admitted to violations of the Insurance Article by not reporting these actions during his license renewal application. As a result, he agreed to pay a $10,000 administrative penalty instead of facing license revocation and must notify all insurers with whom he is currently appointed about this Consent Order.

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Click ‘Get Form’ to open the MARYLAND INSURANCE * BEFORE THE ADMINISTRATION * MARYLAND v - mdinsurance state md document in the editor.
Begin by reviewing the introductory section, which outlines the parties involved and the case number. Ensure you understand the context of the Consent Order.
Proceed to fill out your personal information in the designated fields, including your name and license number, ensuring accuracy for compliance.
Carefully read through each explanatory statement. If applicable, provide any necessary responses or clarifications regarding your past actions as indicated in sections 1a through 1k.
In the final sections, confirm your understanding of the obligations outlined in the Consent Order and sign where indicated. Use our platform’s signature feature for a seamless process.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the purpose of the Maryland insurance administration?

The primary role of the Maryland Insurance Administration (MIA) is to protect consumers from illegal insurance practices by ensuring that insurers and producers that operate in Maryland act in accordance with State insurance laws.

Which entity is the Maryland Insurance Administration associated with?

The Maryland Insurance Administration (MIA) has jurisdiction over all insurers, insurance producers (agents or brokers) premium finance companies, motor clubs and HMOs authorized or licensed to conduct business in Maryland.

What is the jurisdiction of the Maryland Insurance Administration?

A licensee must notify the Administration within 30 days of the change. This includes the change of an email address as MIA sends notifications electronically.