2013 Maryland Code
INSURANCE
§ 4-109 - Issuance or disapproval of initial certificate of authority
§4-109.
(a) 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) 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.
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