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The document is a Consent Order issued by the Maryland Insurance Commissioner regarding Magellan Behavioral Health, Inc. It follows a market conduct examination of the company's mental health operations in Maryland, which revealed violations of specific sections of the Insurance Article and Maryland regulations. The Order mandates that Magellan accept the findings, correct deficiencies, and acknowledges that failure to comply may result in further legal action.

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What are the functions of the insurance commission?

The purpose of insurance commissioners is to maintain fair pricing for insurance products, protect the solvency of insurance companies, prevent unfair practices by insurance companies, and ensure availability of insurance coverage.

What is one role of the commissioner?

These tasks include, but are not limited to: Holding public meetings throughout the State. Commissioners will solicit and hear public input as they determine which communities share common interests and should share common representation. During the hearings, testimony and presentations can be expected to be lengthy.

Who is the head of the Maryland Insurance Administration?

Marie Grant assumes leadership of Maryland Insurance Administration. BALTIMORE The Maryland Insurance Administration welcomes new Acting Commissioner Marie Grant, who joined the Administration on October 1.

What is the commissioner of insurance responsible for?

Insurance commissioners act as advocates for consumer protection, regulators of insurance, and educators who are able to provide consumers with information that pertains to the insurance system within a particular state.

What does the Maryland insurance commissioner do?

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.

What is the chief responsibility of the state insurance commissioner in most states?

The insurance commissioner is a state-level position in all 50 states. The duties of the position vary from state to state, but their general role is as a consumer protection advocate and insurance regulator. The position is elected in 11 states and appointed in 39.

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.

When to contact the insurance commissioner?

The office of the insurance commissioner needs to be aware of any problems that you have with your insurance company. The best way to ensure this is to file a formal complaint with your states insurance commissioner.

INSURANCE COMMISSIONER * STATE OF MARYLAND FOR THE - mdinsurance state md 2025

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INSURANCE COMMISSIONER * STATE OF MARYLAND FOR THE - mdinsurance state md 2025

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What are the functions of the insurance commission?

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Who is the head of the Maryland Insurance Administration?

What is the commissioner of insurance responsible for?

What does the Maryland insurance commissioner do?

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