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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 8. ENTITIES THAT ACT AS INSURERS |
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SUBTITLE 2. MANAGING GENERAL AGENTS |
§ 8-205. Term and renewal of certificate of qualification
Latest version.
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(a) Term of certificate of qualification. -- A certificate of qualification expires on the first June 30 after its effective date unless it is renewed as provided in this section.
(b) Applications for renewal. -- Before a certificate of qualification expires, the holder of the certificate of qualification may renew it for an additional 1-year term, if the holder:
(1) otherwise is entitled to a certificate of qualification; and
(2) pays to the Commissioner the renewal fee required by § 2-112 of this article.
(c) Issuance of renewal. -- The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section.