Which authority can legally suspend an insurance license in Maryland?

Which authority can legally suspend an insurance license in Maryland?

• A. The Governor
• B. The Maryland Division of Insurance
• C. The Insurance Commissioner
• D. The Attorney General

Answer: (C)

In Maryland, licensing and disciplinary actions for insurance producers and companies are handled by the state’s insurance regulator. The Insurance Commissioner has the authority to license individuals and entities and to suspend or revoke those licenses as part of enforcing the insurance laws. This enforcement is typically done through administrative action with due process, including notice and a possible hearing, and a temporary suspension can be used if there’s an immediate risk. The Governor does not suspend licenses directly; the Division of Insurance conducts regulatory duties under the Commissioner’s direction, but the actual suspension power rests with the Commissioner. The Attorney General handles enforcement and legal actions but does not suspend licenses administratively. So, the entity that can legally suspend an insurance license in Maryland is the Insurance Commissioner.

In Maryland, licensing and disciplinary actions for insurance producers and companies are handled by the state’s insurance regulator. The Insurance Commissioner has the authority to license individuals and entities and to suspend or revoke those licenses as part of enforcing the insurance laws. This enforcement is typically done through administrative action with due process, including notice and a possible hearing, and a temporary suspension can be used if there’s an immediate risk. The Governor does not suspend licenses directly; the Division of Insurance conducts regulatory duties under the Commissioner’s direction, but the actual suspension power rests with the Commissioner. The Attorney General handles enforcement and legal actions but does not suspend licenses administratively. So, the entity that can legally suspend an insurance license in Maryland is the Insurance Commissioner.