(a) (1) Except as provided in paragraph (2) of this subsection, a demand for a hearing stays an order of the Commissioner pending the hearing and an order resulting from it if the Commissioner receives the demand:
(i) before the effective date of the order; or
(ii) within 10 days after the order is served.
(2) Paragraph (1) of this subsection does not apply to an action taken or proposed under an order:
(i) resulting from a hearing;
(ii) resulting from a final decision of the Insurance Commissioner on a complaint in an emergency case under § 15-10A-04 of this article; or
(iii) based on impairment of assets or unsound financial condition of an insurer.
(b) If the Commissioner does not grant a written request for a stay, the aggrieved person may apply to the Circuit Court for Baltimore City for a stay of the proposed action of the Commissioner.
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