§ 10-116.1. Reinstatement of expired license
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 10-116.1
§ 10-116.1. Reinstatement of expired license
(a) For up to 1 year after the expiration date, a person whose license has expired may reinstate the expired license by:
(b) A person whose license has expired is prohibited from conducting any insurance business until the effective date of reinstatement of the license.
(c)(1) If a person applies for reinstatement of an expired license within 60 days after the license expired, the Commissioner shall reinstate the license retroactively, with the reinstatement effective on the date that the person's license expired.
(d) A person who does not comply with subsection (a) of this section on or before 1 year after the expiration date shall apply for a license under § 10-111 of this subtitle and meet the requirements specified by the Commissioner in regulation.
(f) The Commissioner may waive the reinstatement procedures of this section for an insurance producer who is unable to comply with the renewal and reinstatement procedures due to:
Credits
Added by Acts 1997, c. 656, § 6, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2002, c. 19, § 1, eff. April 9, 2002.
Formerly Art. 48A, § 170.1.
MD Code, Insurance, § 10-116.1, MD INSURANCE § 10-116.1
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.
End of Document |