Home Table of Contents

§ 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
Currentness
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 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