2010 Maryland Code
INSURANCE
TITLE 3 - KINDS OF INSURERS
Subtitle 3 - Surplus Lines Insurance
Section 3-316 - Term and renewal of certificate of qualification.

§ 3-316. Term and renewal of certificate of qualification.
 

(a)  Term of certificate of qualification.- Unless a certificate of qualification is renewed for a 2-year term as provided in this section, the certificate of qualification expires on the first June 30 that comes after its effective date. 

(b)  Renewal notice.- At least 1 month before a certificate of qualification expires, the Commissioner shall mail to the holder of the certificate of qualification, 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 certificate of qualification expires; and 

(ii) the amount of the renewal fee. 

(c)  Applications for renewal.- Before a certificate of qualification expires, the holder periodically may renew it for an additional 2-year term, if the holder: 

(1) otherwise is entitled to a certificate of qualification; 

(2) submits to 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; and 

(4) complies with the bond requirement of § 3-313 of this subtitle. 

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

(e)  Issuance of renewal.- The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section. 
 

[An. Code 1957, art. 48A, §§ 188, 188.1; 1995, ch. 3, § 22; ch. 36; 1997, ch. 656, § 6.]