2016 Maryland Code
Insurance
Title 3 - Kinds of Insurers
Subtitle 3 - Surplus Lines Insurance
§ 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 every other year on the date stated on the certificate of qualification.

(b) Renewal notice. -- At least 1 month before a certificate of qualification expires, the Commissioner shall send to the holder of the certificate of qualification, at the last known address or electronic mail address of the holder on record a notice that states:

(1) the process for renewing the certificate of qualification;

(2) the date by which the Commissioner must receive the renewal application; and

(3) 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:

(i) on the form that the Commissioner provides; or

(ii) in an electronic format that the Commissioner approves;

(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) Expiration date of renewed certificate. -- For an individual, a certificate of qualification renewed under this section shall have an expiration date that is the last day of the month in which the holder of the certificate of qualification was born.

(e) Application considered timely. --

(1) If mailed, an application for renewal of a certificate of qualification shall be considered made in a timely manner if it is postmarked on or before the expiration date of the certificate of qualification.

(2) If submitted electronically, an application for renewal of a certificate of qualification shall be considered made in a timely manner if, on or before the expiration date of the certificate of qualification, the application:

(i) is addressed properly or otherwise directed properly to an information processing system that the Administration has designated or uses for the purpose of receiving electronic applications and from which the Administration is able to retrieve the application;

(ii) is in a form capable of being processed by that system; and

(iii) 1. enters an information processing system outside the control of the sender or of a person that sent the electronic application on behalf of the sender; or

2. enters a region of the information processing system designated or used by the Administration that is under the control of the Administration or an agent of the Administration.

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

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