§ 4-109. Issuance or disapproval of initial certificate of authority

Latest version.

   (a) In general. -- Within a reasonable time after the filing of a completed application for an initial certificate of authority, the Commissioner shall:

   (1) issue an appropriate certificate of authority; or

   (2) disapprove the application and state the grounds for disapproval.

(b) Limited certificate of authority. -- On request of an insurer, the Commissioner may issue a certificate of authority limited to a particular type of insurance or insurance coverage within the scope of a kind of insurance.

HISTORY: An. Code 1957, art. 48A, § 53; 1995, ch. 36.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');