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§ 8-205. Expiration and renewal of certificate of qualification

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 2. Managing General Agents (Refs & Annos)
MD Code, Insurance, § 8-205
§ 8-205. Expiration and renewal of certificate of qualification
Expiration date
(a) A certificate of qualification expires on the first June 30 after its effective date unless it is renewed as provided in this section.
Renewal of certificate of qualification
(b) Before a certificate of qualification expires, the holder of the certificate of qualification may renew it for an additional 1-year term, if the holder:
(1) otherwise is entitled to a certificate of qualification; and
(2) pays to the Commissioner the renewal fee required by § 2-112 of this article.
Duty of Commissioner to renew certificate
(c) The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 667.
MD Code, Insurance, § 8-205, MD INSURANCE § 8-205
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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