2013 Maryland Code
INSURANCE
§ 8-308 - Term and renewal of registration

§8-308.

(a) A registration expires at the end of every other June 30 unless it is renewed as provided in this section.

(b) 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) 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) The Commissioner shall renew the registration of each registrant that meets the requirements of this section.

§ 8-308 - 1. Reinstatement of registration

(a) Authorized. -- On or before September 30 of the renewal year, a person whose third party administrator's registration has expired may reinstate the expired registration by:

(1) filing with the Commissioner the appropriate reinstatement application;

(2) paying to the Commissioner the applicable reinstatement fee required under subsection (b) of this section; and

(3) complying with the bond requirement of § 8-306 of this subtitle.

(b) Fee. --

(1) The fee for a reinstatement under this section shall be:

(i) the amount charged for a full renewal period for the type of registration held by the person seeking the reinstatement; and

(ii) 1. $ 25 for reinstatement during the period from July 1 through July 31;

2. $ 50 for reinstatement during the period from August 1 through August 31; and

3. $ 75 for reinstatement during the period from September 1 through September 30.

(2) The Commissioner may limit the reinstatement fee to the amount of the renewal fee in cases where the reinstatement applicant did not make timely renewal because of temporary incapacity, hospitalization, or other hardship.

(c) Effect of expired registration. -- A person whose third party administrator's registration has expired is prohibited from acting as a third party administrator until the effective date of reinstatement of the registration.

(d) Failure to reinstate. -- A person who does not comply with subsection (a) of this section on or before September 30 of the year of expiration shall apply for a third party administrator's registration under § 8-305 of this subtitle and meet any other requirements specified by the Commissioner in regulation.

(e) Regulations. -- The Commissioner may adopt regulations to carry out this section.