Maryland Insurance Section 10-211

Article - Insurance

§ 10-211.

      (a)      A license expires at the end of every other June 30 unless it is renewed for a 2-year term as provided in this section.

      (b)      At least 1 month before a license expires, the Commissioner shall mail to the holder of the license, at the last known address of the holder:

            (1)      a renewal application form; and

            (2)      a notice that states:

                  (i)      the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and

                  (ii)      the amount of the renewal fee.

      (c)      Before a license expires, the holder of the license periodically may renew it for an additional 2-year term, if the holder:

            (1)      otherwise is entitled to a license;

            (2)      files with the Commissioner a renewal application on the form that the Commissioner provides;

            (3)      pays to the Commissioner the renewal fee required by § 2-112 of this article;

            (4)      is in compliance with the bond requirement of § 10-206 of this subtitle; and

            (5)      if the Commissioner determines that an examination is advisable to determine the trustworthiness or competence of a holder, passes an examination given by the Commissioner.

      (d)      An application for renewal of a license shall be considered made in a timely manner if it is postmarked on or before June 30 of the year of renewal.

      (e)      (1)      The Commissioner shall renew the license of each holder who meets the requirements of this section.

            (2)      If the holder of a license files an application for renewal before the license expires, the license shall remain in effect until:

                  (i)      the Commissioner issues a renewal license; or

                  (ii)      5 days after the Commissioner refuses to renew the license and gives notice of the refusal to the holder.



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