Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 2. MARYLAND INSURANCE ADMINISTRATION |
SUBTITLE 1. ORGANIZATION OF ADMINISTRATION; GENERAL POWERS AND DUTIES OF COMMISSIONER |
§ 2-112. Fees
Latest version.
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(a) In general. -- Fees for the following certificates, licenses, and services shall be collected in advance by the Commissioner, and shall be paid by the appropriate persons to the Commissioner:
(1) fees for certificates of authority:
(i) application fee for initial certificate of authority, including
filing the application, articles of incorporation and other charter documents,
except as provided in item (2) of this subsection, bylaws, financial
statement, examination report, power of attorney to the Commissioner, and all
other documents and filings in connection with the application..........$ 1,000
(ii) fee for initial certificate of authority....................$ 200
(iii) fee for annual renewal of certificate of authority for all
foreign insurers and for domestic insurers with their home or executive office
in the State..............................................................$ 500
(iv) fee for annual renewal of certificate of authority for domestic
insurers with their home or executive office outside the State, except those
domestic insurers that had their home or executive office outside the State
before January 1, 1929:
1. with premiums written in the most recent calendar year not
exceeding $ 500,000.....................................................$ 2,500
2. with premiums written in the most recent calendar year not
exceeding $ 1,000,000...................................................$ 5,000
3. with premiums written in the most recent calendar year not
exceeding $ 2,000,000...................................................$ 7,000
4. with premiums written in the most recent calendar year not
exceeding $ 5,000,000...................................................$ 9,000
5. with premiums written in the most recent calendar year of more
than $ 5,000,000.......................................................$ 11,000
(v) reinstatement of certificate of authority....................$ 500
(2) fees for articles of incorporation of a domestic insurer or foreign
insurer, exclusive of fees required to be paid to the Department of
Assessments and Taxation:
(i) fee for filing the articles of incorporation with the
Commissioner for approval..................................................$ 25
(ii) fee for amendment of the articles of incorporation...........$ 10
(3) fees for filing bylaws or amendments to bylaws with the Commissioner
...........................................................................$ 10
(4) fees for certificates of qualification:
(i) application fee...............................................$ 25
(ii) managing general agent certificate of qualification:
1. fee for initial certificate.................................$ 30
2. annual renewal fee..........................................$ 30
(iii) surplus lines broker certificate of qualification:
1. fee for initial certificate within 1 year of renewal.......$ 100
2. fee for initial certificate over 1 year from renewal.......$ 100
3. biennial renewal fee.......................................$ 200
(5) fee for temporary insurance producer licenses and appointments...$ 27
(6) fees for licenses:
(i) public adjuster license:
1. fee for initial license within 1 year of renewal............$ 25
2. fee for initial license over 1 year from renewal............$ 50
3. biennial renewal fee........................................$ 50
(ii) adviser license:
1. fee for initial license within 1 year of renewal...........$ 100
2. fee for initial license over 1 year from renewal...........$ 200
3. biennial renewal fee.......................................$ 200
(iii) insurance producer license:
1. fee for initial license.....................................$ 54
2. biennial renewal fee........................................$ 54
(iv) SHOP Exchange navigator license:
1. fee for initial license.....................................$ 54
2. biennial renewal fee........................................$ 54
3. fee for reinstatement of license...........................$ 100
(v) application fee...............................................$ 25
(7) fee for each insurance vending machine license, for each machine,
every second year..........................................................$ 50
(8) fees for filing the annual statement by an unauthorized insurer
applying for approval to become an accepted insurer or applying for approval
to become an accepted reinsurer or surplus lines carrier or both........$ 1,000
(9) fees for required filings, including form and rate filings, under
Title 11, Subtitles 2 through 4, Title 26, and § 12-203, 13-110, 14-126, and
27-613 of this article....................................................$ 125
(10) service of legal process fee under § 3-318(d), 3-319(d), and 4-107
of this article............................................................$ 15
(b) Reimbursement for service of process fee. -- A court may award reimbursement of a service of process fee imposed under subsection (a)(10) of this section to a prevailing plaintiff in any proceeding against an insurer or surplus lines broker.
HISTORY: An. Code 1957, art. 48A, § 41, 41B; 1995, ch. 36; 1996, ch. 10, § 21; ch. 60; ch. 189, § 2, 4; ch. 271, § 2, 4; 1997, ch. 70, § 1, 2; ch. 685, § 3; 1998, ch. 774, § 5; 1999, ch. 34, § 1; 2001, ch. 731, § 1; 2002, ch. 19, § 9; ch. 317, § 2; 2003, ch. 21, § 1; ch. 35, § 1; 2005, ch. 38; 2006, ch. 44, § 5; 2011, ch. 65, § 5; 2013, ch. 368, § 1.