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The document is a Consent Order between the Maryland Insurance Commissioner and D.H. Lloyd & Associates, Inc. regarding violations of insurance reporting and tax payment regulations. It outlines Lloyd's failure to file required surplus lines reports and pay associated taxes for multiple periods, their acknowledgment of these failures, and the corrective actions taken. As a result, Lloyd agrees to pay a $750 administrative penalty and acknowledges that this order does not preclude further legal actions related to their conduct.

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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 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.

What does the Maryland Insurance Administration do?

Overview of Our Responsibilities License insurance companies and producers operating in Maryland. Conduct financial examinations of insurance companies to ensure solvency. Conduct market conduct examinations to ensure compliance with Marylands insurance laws. Investigate acts of insurance fraud.

Who regulates insurance companies in MD?

In Maryland, insurance agents or producers and insurance companies, including the Medical Mutual Liability Insurance Society of Maryland, are regulated by the Maryland Insurance Administration (MIA). The Insurance Commissioner is required to enforce the insurance laws passed by the Maryland General Assembly.

Why does the Maryland Insurance Administration have the ability to examine the records of all admitted insurance?

Explanation: The Maryland Insurance Administration has the authority to examine the records of all admitted insurers to ensure that they comply with state regulations, maintain financial stability, and are able to pay their claims.

What is the primary purpose of state insurance regulation?

Under the Commissioners direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies,

How to file a complaint with the Maryland Insurance Commissioner?

COMPLAINT AGAINST INSURANCE PROFESSIONALS If you have a complaint against an insurance company or about a claim, please call 410-468- 2000, 1-800-492-6116 TTY: 1-800-735-2258, or visit our website at .

IN THE MATTER OF THE * BEFORE THE * MARYLAND - mdinsurance state md 2025

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IN THE MATTER OF THE * BEFORE THE * MARYLAND - mdinsurance state md 2025

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What is the purpose of the Maryland insurance administration?

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What does the Maryland Insurance Administration do?

Who regulates insurance companies in MD?

Why does the Maryland Insurance Administration have the ability to examine the records of all admitted insurance?

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