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§ 10-211. Expiration and renewal of license

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

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 10. Regulation of Insurance Professions
Subtitle 2. Advisers (Refs & Annos)
Effective: January 1, 2017
MD Code, Insurance, § 10-211
§ 10-211. Expiration and renewal of license
In general
(a) A license expires every other year on the date stated on the license unless renewed as provided in this section.
Expiration notice
(b) At least 1 month before a license expires, the Commissioner shall send to the holder of the license, at the last known address or electronic mail address of the holder on record a notice that states:
(1) the process for renewing the license;
(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 license expires, the holder of the license periodically may renew it for an additional 2-year term, if the holder:
(1) otherwise is entitled to a license;
(2) files with 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;
(4) is in compliance with the bond requirement of § 10-206 of this subtitle; and
(5) if the Commissioner determines that an examination is advisable to determine the trustworthiness or competence of a holder, passes an examination given by the Commissioner.
Expiration date of renewed license
(d) A license renewed under this section shall have an expiration date that is the last day of the month in which the holder of the license was born.
Timeliness of application
(e)(1) If mailed, an application for renewal of a license shall be considered made in a timely manner if it is postmarked on or before the expiration date of the license.
(2) If submitted electronically, an application for renewal of a license shall be considered made in a timely manner if, on or before the expiration date of the license, 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 or the information processing system designated or used by the Administration that is under the control of the Administration or an agent of the Administration.
Duty of Commissioner to renew license
(f)(1) The Commissioner shall renew the license of each holder who meets the requirements of this section.
(2) If the holder of a license files an application for renewal before the license expires, the license shall remain in effect until:
(i) the Commissioner issues a renewal license; or
(ii) 5 days after the Commissioner refuses to renew the license and gives notice of the refusal to the holder.
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 1996, c. 271, § 2, eff. Oct. 1, 1997; Acts 1996, c. 369, § 2, eff. Oct. 1, 1997; Acts 1997, c. 656, § 6, eff. Oct. 1, 1997; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2016, c. 84, § 1, eff. Jan. 1, 2017.
Formerly Art. 48A, §§ 182, 182.1.
MD Code, Insurance, § 10-211, MD INSURANCE § 10-211
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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