Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 26. MOTOR CLUBS |
SUBTITLE 2. LICENSES |
§ 26-205. Issuance or disapproval of license
Latest version.
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(a) In general. -- Within a reasonable time after an application for a license is filed, the Commissioner shall issue a license to the applicant unless:
(1) the applicant has not met all of the requirements of this title;
(2) in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or
(3) the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity.
(b) Notice of disapproval. -- If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle.
(c) Disposition of fee on disapproval. -- If an application for a license filed under this subtitle is disapproved, the Commissioner shall:
(1) retain $ 50 of the application fee paid by the applicant; and
(2) return the balance of the application fee to the applicant.