 |
Unannotated Code of Maryland (Last Updated: May 16, 2014) |
 |
INSURANCE |
|
TITLE 8. ENTITIES THAT ACT AS INSURERS |
|
SUBTITLE 4. FRATERNAL BENEFIT SOCIETIES |
|
PART II. FORMATION, ORGANIZATION, AND AUTHORITY TO DO BUSINESS |
§ 8-417. Certificate of authority
Latest version.
-
(a) Examination and additional information. -- Before the Commissioner issues a certificate of authority, the Commissioner may make any examination and require any additional information that the Commissioner considers necessary.
(b) Issuance. -- On presentation of satisfactory evidence that the society has complied with this subtitle, the Commissioner shall issue to the society a certificate of authority that authorizes the society to transact business under this subtitle.
(c) Prima facie evidence of existence. -- The certificate of authority is prima facie evidence that the society existed on the date of the certificate of authority.
(d) Record in office of Commissioner. -- The Commissioner shall record the certificate of authority in the office of the Commissioner.