Maryland Statutes
Subtitle 6 - Viatical Settlement Providers and Viatical Settlement Brokers
Section 8-608 - Registration -- Denial, Nonrenewal, Suspension, Revocation

Subject to the hearing provisions of Title 2 of this article, the Commissioner may deny a registration to an applicant or refuse to renew, suspend, or revoke the registration of a registrant if the applicant or registrant:
        (1)    knowingly makes a material misstatement in an application for registration;
        (2)    fraudulently or deceptively obtains or attempts to obtain a registration for the applicant or registrant or for another;
        (3)    has been convicted of a felony or of a misdemeanor involving moral turpitude;
        (4)    in connection with the viatical settlement contract and related insurance application, commits fraud or engages in illegal or dishonest activities;
        (5)    otherwise has shown a lack of trustworthiness or competence to act as a viatical settlement broker or viatical settlement provider; or
        (6)    violates any provision of this subtitle or a regulation adopted under it.

Structure Maryland Statutes