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§ 26-205. Issuance or disapproval of license

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 26. Motor Clubs
Subtitle 2. Licenses (Refs & Annos)
MD Code, Insurance, § 26-205
§ 26-205. Issuance or disapproval of license
Currentness
Issuance of license
(a) Within a reasonable time after an application for a license is filed, the Commissioner shall issue a license to the applicant unless:
(1) the applicant has not met all of the requirements of this title;
(2) in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or
(3) the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity.
Notice of disapproval and right to hearing
(b) If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle.
Application fee
(c) If an application for a license filed under this subtitle is disapproved, the Commissioner shall:
(1) retain $50 of the application fee paid by the applicant; and
(2) return the balance of the application fee to the applicant.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 70, § 7, eff. Oct. 1, 1997.
Formerly Art. 48B, §§ 3, 4.
MD Code, Insurance, § 26-205, MD INSURANCE § 26-205
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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