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IN THE MATTER OF: * BEFORE THE * MARYLAND INSURANCE * MARYLAND ADMINISTRATION * * INSURANCE v - mdin

IN THE MATTER OF: * BEFORE THE * MARYLAND INSURANCE * MARYLAND ADMINISTRATION * * INSURANCE v - mdin 2025

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The document is a Consent Order between Michael G. Lee and the Maryland Insurance Commissioner regarding violations of the Maryland Insurance Code. Lee, an insurance producer, admitted to providing an unlawful discount on a bail bond fee and expressed remorse for his actions. As part of the settlement, he agrees to pay a $1,000 administrative penalty and acknowledges that this order resolves the administrative actions but does not preclude other legal actions related to his conduct.

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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.

When an agent changes email address the Department of Insurance must be notified within how many days?

Textbook Expert-Verified. When an insurance agent changes their email address, they must notify the Department of Insurance within 30 days. This requirement ensures updated communication channels between the agent and the Department.

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 is required to notify the Maryland insurance administration of a licensees change in name or address?

Individual licensees must submit a copy of a marriage certificate, divorce decree, or court order. Business Entities must attach confirmation that the name change has been registered with the State of Maryland Department of Assessment and Taxation.

Who must notify the producer in the event of the producers insurance appointment being terminated?

Final answer: The insurer is responsible for notifying the producer when an insurance appointment is terminated. This falls under state regulation, although entities like the National Association of Insurance Commissioners provide a coordinated regulatory framework.

What is the mia in Maryland?

The Maryland Insurance Administration best serves its core constituents by ensuring fair treatment of consumers. This consumer protection begins by regulating the availability of insurance coverage at fair prices and extends to issues of solvency and fair sales, claims and settlement practices.

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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.

How to transfer an insurance license to another state?

You need to send an application to your new states insurance department for a transfer. Most of the time its not necessary to re-take all the coursework and exams for a new license. Many states want to see that youve had your license for some predetermined amount of time before you send this application.

Does Maryland penalize you for not having health insurance?

Maryland law does not require individuals to obtain health insurance and does not impose a tax penalty for failure to purchase insurance.

IN THE MATTER OF: * BEFORE THE * MARYLAND INSURANCE * MARYLAND ADMINISTRATION * * INSURANCE v - mdin 2025

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When an agent changes email address the Department of Insurance must be notified within how many days?

What is the jurisdiction of the Maryland Insurance Administration?

What is required to notify the Maryland insurance administration of a licensees change in name or address?

Who must notify the producer in the event of the producers insurance appointment being terminated?

What is the mia in Maryland?

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What does the Maryland insurance administration do?

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