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§ 3-316. Expiration and renewal of certificate of qualification

West's Annotated Code of MarylandInsuranceEffective: January 1, 2017

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 3. Kinds of Insurers
Subtitle 3. Surplus Lines Insurance (Refs & Annos)
Effective: January 1, 2017
MD Code, Insurance, § 3-316
§ 3-316. Expiration and renewal of certificate of qualification
Currentness
In general
(a) Unless a certificate of qualification is renewed for a 2-year term as provided in this section, the certificate of qualification expires every other year on the date stated on the certificate of qualification.
Expiration notice
(b) At least 1 month before a certificate of qualification expires, the Commissioner shall send to the holder of the certificate of qualification, at the last known address or electronic mail address of the holder on record a notice that states:
(1) the process for renewing the certificate of qualification;
(2) the date by which the Commissioner must receive the renewal application; and
(3) the amount of the renewal fee.
Renewal application and fee
(c) Before a certificate of qualification expires, the holder periodically may renew it for an additional 2-year term, if the holder:
(1) otherwise is entitled to a certificate of qualification;
(2) submits to the Commissioner a renewal application:
(i) on the form that the Commissioner provides; or
(ii) in an electronic format that the Commissioner approves;
(3) pays to the Commissioner the renewal fee required by § 2-112 of this article; and
(4) complies with the bond requirement of § 3-313 of this subtitle.
Expiration date of renewed certificate
(d) For an individual, a certificate of qualification renewed under this section shall have an expiration date that is the last day of the month in which the holder of the certificate of qualification was born.
Deadline for renewal
(e)(1) If mailed, an application for renewal of a certificate of qualification shall be considered made in a timely manner if it is postmarked on or before the expiration date of the certificate of qualification.
(2) If submitted electronically, an application for renewal of a certificate of qualification shall be considered made in a timely manner if, on or before the expiration date of the certificate of qualification, the application:
(i) is addressed properly or otherwise directed properly to an information processing system that the Administration has designated or uses for the purpose of receiving electronic applications and from which the Administration is able to retrieve the application;
(ii) is in a form capable of being processed by that system; and
(iii) 1. enters an information processing system outside the control of the sender or of a person that sent the electronic application on behalf of the sender; or
2. enters a region of the information processing system designated or used by the Administration that is under the control of the Administration or an agent of the Administration.
Renewal of certificate
(f) The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section.
Regulations
(g) The Commissioner may adopt regulations to carry out this section.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 656, § 6, eff. Oct. 1, 1997; Acts 2016, c. 84, § 1, eff. Jan. 1, 2017.
Formerly Art. 48A, §§ 188, 188.1.
MD Code, Insurance, § 3-316, MD INSURANCE § 3-316
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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