(a) Except as provided in subsection (b) of this section, the Commissioner or a deputy, examiner, assistant, or employee of the Commissioner may not be financially interested in an insurer, insurance agency, or insurance transaction, other than as a policyholder or claimant under a policy. (b) The Commissioner may employ or retain an actuary, attorney, or other technician who is similarly employed or retained by insurers or other persons if the individual: (1) is independently practicing the profession of the individual; and (2) does not have a conflict of interest in the matter for which the individual is employed or retained. §2-108. IN EFFECT In addition to any powers and duties set forth elsewhere by the laws of the State, the Commissioner: (1) has the powers and authority expressly conferred on the Commissioner by or reasonably implied from this article; (2) shall enforce this article; (3) shall perform the duties imposed on the Commissioner by this article; and (4) in addition to examinations and investigations expressly authorized, may conduct examinations and investigations of insurance matters as necessary to fulfill the purposes of this article. §2-108. ** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 ** In addition to any powers and duties set forth elsewhere by the laws of the State, the Commissioner: (1) has the powers and authority expressly conferred on the Commissioner by or reasonably implied from this article; (2) shall enforce this article; (3) shall perform the duties imposed on the Commissioner by this article; (4) in addition to examinations and investigations expressly authorized, may conduct examinations and investigations of insurance matters as necessary to fulfill the purposes of this article; and (5) shall enforce § 4A-12A-11 of the Corporations and Associations Article. §2-108. // EFFECTIVE MAY 18, 2025 PER CHAPTER 224 OF 2023 // In addition to any powers and duties set forth elsewhere by the laws of the State, the Commissioner: (1) has the powers and authority expressly conferred on the Commissioner by or reasonably implied from this article; (2) shall enforce this article; (3) shall perform the duties imposed on the Commissioner by this article; and (4) in addition to examinations and investigations expressly authorized, may conduct examinations and investigations of insurance matters as necessary to fulfill the purposes of this article.
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