Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 8. ENTITIES THAT ACT AS INSURERS |
SUBTITLE 3. THIRD PARTY ADMINISTRATORS |
§ 8-308. Term and renewal of registration
Latest version.
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(a) Term of registration. -- A registration expires at the end of every other June 30 unless it is renewed as provided in this section.
(b) Application for renewal. -- Before a registration expires, the registrant may renew it for an additional 2-year term, if the registrant:
(1) otherwise is entitled to be registered;
(2) files with the Commissioner a renewal application on the form that the Commissioner requires;
(3) pays to the Commissioner a renewal fee of $ 50; and
(4) except as provided in § 8-306(d) of this subtitle, files with the Commissioner evidence of a bond in compliance with § 8-306 of this subtitle.
(c) Application considered timely. -- An application for renewal of a registration shall be considered made in a timely manner if it is postmarked on or before June 30 of the year of renewal.
(d) Issuance of renewal. -- The Commissioner shall renew the registration of each registrant that meets the requirements of this section.