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IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM

IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM 2025

IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM Preview on Page 1

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The document is a Consent Order issued by the Maryland Insurance Commissioner regarding Brian Collins, a non-resident insurance producer. It outlines violations committed by Collins, including submitting unauthorized insurance applications. As part of the agreement, Collins will pay a $1,000 administrative penalty and serve a two-year suspension of his license, effective December 20, 2007. The order emphasizes that failure to comply may lead to further legal action.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the case number at the top of the form. This is crucial for identifying your specific case.
In the section labeled 'EXPLANATORY STATEMENT', provide details regarding your license and any relevant actions taken against you, ensuring accuracy.
Next, navigate to the 'VIOLATIONS' section. Here, clearly outline any violations as stated in the document, ensuring that you acknowledge each point.
Proceed to the 'ORDER' section. Fill in your agreement to the terms laid out, including any penalties or suspensions mentioned.
Finally, ensure that all signatures are completed where indicated. This includes both your signature and that of the Commissioner.

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Who regulates insurance 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 role of the insurance commission?

What is the Role of Insurance Commission? The Insurance Commission is a government agency under the Department of Finance that supervises and regulates insurance, pre-need, and health maintenance organization industries pursuant to Republic Act Nos. 10607, 9829, and Executive Order No.

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 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.

Who is in charge of the Maryland insurance department?

Maryland Commissioner of Insurance Selection Method: Appointed by the governor Current Officeholder Maryland Commissioner of Insurance Marie Grant Nonpartisan Assumed office: October 1, 2024 Other Maryland Executive Offices10 more rows

How does an insurance commission work?

Commission structures vary by policy and company. But typically, life insurance agents receive as commission 60% to 80% of the premiums you pay in the first year. They collect smaller commissions in subsequent years. Added up, 5% to 10% of all the premiums you pay over the life of the policy could go to commissions.

What is the primary role of the insurance agent?

One of the primary roles of insurance agents is to act as advisors. They understand your needs and financial situation to recommend the most suitable insurance policies. This role requires a deep understanding of different insurance products and the ability to explain them in simple terms.

What does the Maryland insurance commission do?

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.

IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM 2025

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Who regulates insurance in Maryland?

What is the role of the insurance commission?

What are the functions of the insurance commission?

What is the commissioner of insurance responsible for?

Who is in charge of the Maryland insurance department?

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How does an insurance commission work?

What is the primary role of the insurance agent?

What does the Maryland insurance commission do?

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IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM 2025

Here's how it works

How to use or fill out IN THE MATTER OF THE * BEFORE THE MARYLAND INSURANCE COMMISSIONER * STATE OF MARYLAND INSURANCE COMM with our platform

Complete this form in 5 minutes or less

Got questions?

Who regulates insurance in Maryland?

What is the role of the insurance commission?

What are the functions of the insurance commission?

What is the commissioner of insurance responsible for?

Who is in charge of the Maryland insurance department?

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People also ask

How does an insurance commission work?

What is the primary role of the insurance agent?

What does the Maryland insurance commission do?

Related links

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