Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 23. PREMIUM FINANCING |
SUBTITLE 2. REGISTRATION |
§ 23-205. Term and renewal of registration
Latest version.
-
(a) Term of registration. -- A registration expires on the first July 1 after its effective date unless it is renewed as provided in this section.
(b) Renewal of registration. -- Before a registration expires, the registrant may renew it for an additional 1-year term if the registrant:
(1) files with the Commissioner:
(i) a renewal application on the form that the Commissioner requires;
(ii) in the case of a corporation or limited liability company, a certificate of good standing issued by the State Department of Assessments and Taxation; and
(iii) evidence of compliance with § 23-202 of this subtitle; and
(2) pays to the Commissioner a renewal fee of $ 50.
(c) Issuance of renewal. -- The Commissioner shall renew the registration of each registrant that meets the requirements of this section.