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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 14. ENTITIES THAT ACT AS HEALTH INSURERS |
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SUBTITLE 4. DENTAL PLAN ORGANIZATION ACT |
§ 14-407. Issuance or disapproval of certificate of authority
Latest version.
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(a) Issuance of certificate of authority. -- If the Commissioner is satisfied that the individuals who are responsible for conducting the affairs of the dental plan organization are trustworthy and capable of providing, arranging for, or administering the services offered by the dental plan, the Commissioner shall issue a certificate of authority.
(b) Notice of disapproval. -- If the Commissioner disapproves an application for a certificate of authority, the Commissioner shall notify the dental plan organization in writing of the reasons for disapproval.