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§ 4-109. Issuance or disapproval of 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, § 4-109
§ 4-109. Issuance or disapproval of initial certificate of authority
In general
(a) Within a reasonable time after the filing of a completed application for an initial certificate of authority, the Commissioner shall:
(1) issue an appropriate certificate of authority; or
(2) disapprove the application and state the grounds for disapproval.
Limited certificate of authority
(b) On request of an insurer, the Commissioner may issue a certificate of authority limited to a particular type of insurance or insurance coverage within the scope of a kind of insurance.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 53.
MD Code, Insurance, § 4-109, MD INSURANCE § 4-109
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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