A judge has upheld a fine and an order for restitution against Dean A. Manson, a former officer of a defunct Silver Spring surety company that was charged with operating without the proper state licenses.
The order, issued earlier this week by Baltimore Circuit Judge David Ross, affirms a May administrative decision by Insurance Commissioner John A. Donaho, who fined Mr. Manson, Stephen R. Woods and United Capital Exchange $231,500 and ordered them to pay $14,000 to three subcontractors for damages.
The fine included $230,000 for engaging in the unauthorized business of insurance and $1,500 for failure to honor valid claims.
Mr. Donaho's decision upheld a recommended order by Administrative Law Judge Thomas G. Welshko, who heard the case last October and November. The company and the officers did not hold a state certificate of authority to act as an insurer or a certificate of qualification to act as insurance agents or brokers, the Insurance Division said.