# COMAR 31.09.12.09: COMAR 31.09.12.09. Compliance and Penalties

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_09

## Section

- **Citation:** COMAR 31.09.12.09
- **Heading:** COMAR 31.09.12.09. Compliance and Penalties
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 31 MARYLAND INSURANCE ADMINISTRATION / Subtitle 09 LIFE INSURANCE AND ANNUITIES / Chapter 12 Suitability in Annuity Transactions / COMAR 31.09.12.09

## Text

A. An insurer is responsible for compliance with this chapter.
B. If a violation of this chapter occurs, because of either the action or the inaction of the insurer or its producer, the Commissioner may order:
(1) An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer’s, or by its producer’s, violation of this chapter;
(2) A general agency, independent agency, or a producer to take reasonably appropriate corrective action for any consumer harmed by the producer’s violation of this chapter; and
(3) Appropriate penalties and sanctions.
C. Penalties.
(1) A producer who violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, §10-126, Annotated Code of Maryland .
(2) An insurer that violates this chapter is subject to a penalty or other appropriate sanction under Insurance Article, §4-113, Annotated Code of Maryland .
Cross References 31.09.12.05D

## Nearby sections

- [COMAR 31.09.12.01 COMAR 31.09.12.01. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_01.md)
- [COMAR 31.09.12.02 COMAR 31.09.12.02. Scope](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_02.md)
- [COMAR 31.09.12.03 COMAR 31.09.12.03. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_03.md)
- [COMAR 31.09.12.04 COMAR 31.09.12.04. Best Interest Obligations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_04.md)
- [COMAR 31.09.12.05 COMAR 31.09.12.05. Supervision System](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_05.md)
- [COMAR 31.09.12.06 COMAR 31.09.12.06. Prohibited Practices](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_06.md)
- [COMAR 31.09.12.07 COMAR 31.09.12.07. Safe Harbor](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_07.md)
- [COMAR 31.09.12.08 COMAR 31.09.12.08. Producer Training](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_08.md)
- [COMAR 31.09.12.09 COMAR 31.09.12.09. Compliance and Penalties](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_09.md)
- [COMAR 31.09.12.10 COMAR 31.09.12.10. Record Keeping](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_10.md)
- [COMAR 31.09.12.11 COMAR 31.09.12.11. Producer Disclosure for Annuities Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_11.md)
- [COMAR 31.09.12.12 COMAR 31.09.12.12. Consumer Refusal to Provide Information Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_12.md)
- [COMAR 31.09.12.13 COMAR 31.09.12.13. Consumer Decision to Purchase Annuity Not Based on Recommendation Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_09. Check the current official text before relying on it. Not legal advice.