2013 Maryland Code
INSURANCE
§ 8-412 - Filing requirements
§8-412.
(a) The incorporators shall file with the Commissioner:
(1) the articles of incorporation of the society;
(2) certified copies of the society’s laws and rules;
(3) copies of all proposed:
(i) forms of certificates;
(ii) applications for certificates; and
(iii) circulars to be issued by the society; and
(4) a bond conditioned on the return to applicants of advance premiums if the organization of the society is not completed within 1 year.
(b) The Commissioner may require any additional information that the Commissioner considers necessary.
(c) The bond required under subsection (a) of this section must:
(1) be issued by a surety insurer approved by the Commissioner; and
(2) be in the amount required by the Commissioner, but not less than $300,000 nor more than $1,500,000.
(d) Each document filed shall be in the English language.
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