If the Commissioner finds that a violation of this title impairs the financial condition of a domestic insurer so as to threaten insolvency or make the further transaction of business hazardous to policyholders, creditors, shareholders, or the public, the Commissioner may institute proceedings in accordance with Title 9, Subtitle 2 of this article to take possession of the domestic insurer’s property and conduct its business.
Structure Maryland Statutes
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Section 7-801 - Jurisdiction of State Courts
Section 7-802.1 - Violations of Reporting and Submissions Requirements
Section 7-803 - Unfair Trade Practices
Section 7-804 - Delinquency Proceedings
Section 7-805 - Petitions for Injunctive or Other Relief
Section 7-806 - Recovery of Payments and Distributions
Section 7-807 - Criminal Penalties; False Statements, Reports, or Filings