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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 and notify all insurers with whom he is currently appointed about this Consent Order.

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What are the powers of the Maryland Commissioner of Insurance?

The Commissioner authorizes and licenses insurance companies, producers, adjusters, and advisors for fire, casualty, life, accident, health, title, bail bonds, and other insurance and annuities.

Who regulates insurance companies in Maryland?

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 ance with State insurance laws.

What is the jurisdiction of the Maryland Insurance Administration?

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.

Is Maryland auto insurance legit?

Maryland Auto Insurance was created by the state of Maryland to keep residents on the road legally, safely, and simply. We help drivers get the coverage they need to keep moving forwardin their cars and in life. Our policies are sold through a network of more than 1,400 agents located throughout the state.

Who oversees the Maryland insurance administration?

MARYLAND INSURANCE COMMISSIONER. The Maryland Insurance Administration is directed by the Maryland Insurance Commissioner who ensures that all insurance laws of the State are faithfully executed, and counsels and advises the Governor on all matters assigned to the Administration.

What is the jurisdiction of the Maryland District court?

The jurisdiction of the District Court is concurrent with that of the circuit court in criminal cases, classified as misdemeanors and certain felonies, in which the penalty may be confinement for 3 years or more or a fine of $2,500 or more.

What is the purpose of the Maryland Insurance Administration?

Protect Maryland consumers by regulating the states insurance companies and producers. Investigate complaints consumers have about their insurance coverage, including, but not limited to, life, health, automobile, and homeowners. License insurance companies and producers operating in Maryland.

What is Maryland state insurance called?

Medicaid, also called Medical Assistance (MA) pays the medical bills of needy and low-income individuals. It is administered by the State and pays medical bills with Federal and State funds.

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

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