(a) An applicant for initial registration shall:
(1) file with the Commissioner:
(i) an application on the form that the Commissioner requires;
(ii) in the case of a corporation or limited liability company, a certificate of good standing issued by the State Department of Assessments and Taxation;
(iii) evidence of compliance with § 23-202 of this subtitle;
(iv) the form of the premium finance agreement to be used; and
(v) the finance charge, initial service fee, and all other fees and charges to be applied; and
(2) pay to the Commissioner an application fee of $250.
(b) The registration application shall include the following information:
(1) the name, business address, and telephone number of the premium finance company; and
(2) the name and business address of each officer, director, principal, and partner of the premium finance company.
Disclosure of identity, trade names, and names of managers and owners
(c) A registration application may require the applicant to disclose the identity, trade names, and names of managers and owners of the applicant.
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 708, § 1, eff. Oct. 1, 1997; Acts 2006, c. 194, § 1, eff. Oct. 1, 2006.
Formerly Art. 48A, § 486B.
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.