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Maryland issues bulletin on inducements
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Regulatory Updates
Monday, October 28, 2019
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The Maryland Insurance Administration issued a bulletin to alert all insurers and producers of changes made by the General Assembly in 2018 to Sections 27-209 and 27-212 of the Insurance Article, Annotated Code of Maryland and remind regulated entities of prohibited practices concerning inducements, premium rebates or other forms of valuable consideration not specified in an insurance or annuity contract. Read on for more details.
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