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§ 4-108. Applications for initial certificate of authority

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 4. General Requirements for Insurers
Subtitle 1. Certificates of Authority (Refs & Annos)
MD Code, Insurance, § 4-108
§ 4-108. Applications for initial certificate of authority
An applicant for an initial certificate of authority shall:
(1) file with the Commissioner an application on the form that the Commissioner provides;
(2) pay to the Commissioner the applicable fees required by § 2-112 of this article; and
(3) file with the Commissioner:
(i) a certified copy of its articles of incorporation with all amendments;
(ii) a certified copy of its bylaws with all amendments;
(iii) a copy of its annual statement as of the immediately preceding December 31;
(iv) for a foreign insurer or alien insurer, a copy of the report of last examination, if any, made of the insurer certified by the insurance supervisory official of the state of domicile of the foreign insurer or the state of entry into the United States of the alien insurer;
(v) for a foreign insurer or alien insurer, a certificate of the insurance supervisory official of the state or country of domicile or state of entry into the United States of the insurer showing that the insurer is authorized to transact the kinds of insurance business proposed to be transacted in this State;
(vi) for an alien insurer, a copy of the appointment and authority of its United States manager;
(vii) a certificate evidencing a deposit in accordance with § 4-106 of this subtitle; and
(viii) any other information and documents that the Commissioner considers necessary to protect policyholders or ensure compliance with this article.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 52.
MD Code, Insurance, § 4-108, MD INSURANCE § 4-108
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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