Question

In general practice, which one of the following is true of the powers of the Maryland Insurance Administration with respect to

A. Records con only be accessed by an order of a state court
B. Authorization must come from the National Association of Insurance Commissioners (NAIC)
C. Records must be produced upon the request of the Maryland Insurance Administration
D. The Maryland Insurance Administration has no right to access a producer's business records because of privacy considerations

Answer 1

The Maryland Insurance Administration can request and obtain records from insurance producers without needing a court order or NAIC authorization, and privacy concerns do not exempt producers from this requirement.

Step-by-step explanation:

In general practice, Maryland Insurance Administration has certain powers with respect to the access and management of records. The correct answer to the question regarding these powers is that records must be produced upon the request of the Maryland Insurance Administration. The Maryland Insurance Administration does not need an order from a state court, nor does it require authorization from the National Association of Insurance Commissioners (NAIC) to access a producer's business records. Furthermore, privacy considerations do not prevent the Maryland Insurance Administration from accessing these records as part of their regulatory responsibilities.