Instead of or in addition to suspending or revoking a registration, the Commissioner may:
(1) impose on the holder a penalty not exceeding $125,000 for each violation of this subtitle; and
(2) require the holder to make restitution to any person that has suffered financial injury because of the violation of this subtitle.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 6 - Viatical Settlement Providers and Viatical Settlement Brokers
Section 8-603 - Registration of Providers
Section 8-604 - Application; Fee
Section 8-605 - Representation of Viator; Viator Status Not Limited to Owner or Holder of Policy
Section 8-605.1 - Duties of Viatical Settlement Brokers
Section 8-607 - Expiration of Registration
Section 8-608 - Registration -- Denial, Nonrenewal, Suspension, Revocation
Section 8-609 - Penalties; Restitution
Section 8-610.1 - Verification of Coverage for Life Insurance Policies
Section 8-611 - Statement Required in Contracts and Applications