(a) Except as provided in subsection (b) of this section, the Commissioner or a deputy, examiner, assistant, or employee of the Commissioner may not be financially interested in an insurer, insurance agency, or insurance transaction, other than as a policyholder or claimant under a policy.
(b) The Commissioner may employ or retain an actuary, attorney, or other technician who is similarly employed or retained by insurers or other persons if the individual:
(1) is independently practicing the profession of the individual; and
(2) does not have a conflict of interest in the matter for which the individual is employed or retained.
Structure Maryland Statutes
Title 2 - Maryland Insurance Administration
Subtitle 1 - Organization of Administration; General Powers and Duties of Commissioner
Section 2-101 - Insurance Administration
Section 2-102 - Organization of Administration
Section 2-104 - Staff of Administration; Licensing Services
Section 2-105 - Management, Professional, or Technical Employees
Section 2-106 - Skilled Service Employees
Section 2-107 - Conflicts of Interest
Section 2-108 - General Powers and Duties of Commissioner
Section 2-112.2 - Health Care Regulatory Assessment
Section 2-112.3 - Health Care Regulatory Fund
Section 2-113 - Payment of Taxes or Fees in Immediately Available Funds
Section 2-114 - Disposition of Money
Section 2-115 - Adoption of Regulations in Emergency
Section 2-116 - Delivery of Notice by Electronic Means -- Presumption of Receipt