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2017 Maryland Code
Insurance
Title 23 - Premium Financing
Subtitle 2 - Registration
§ 23-203. Applications for registration
Universal Citation: MD Ins Code § 23-203 (2017)
- (a) In general. -- An applicant for initial registration shall:
- (1) file with the Commissioner:
- (i) an application on the form that the Commissioner requires;
- (ii) in the case of a corporation or limited liability company, a certificate of good standing issued by the State Department of Assessments and Taxation;
- (iii) evidence of compliance with ยง 23-202 of this subtitle;
- (iv) the form of the premium finance agreement to be used; and
- (v) the finance charge, initial service fee, and all other fees and charges to be applied; and
- (2) pay to the Commissioner an application fee of $ 250.
- (1) file with the Commissioner:
- (b) Contents of registration application. -- The registration application shall include the following information:
- (1) the name, business address, and telephone number of the premium finance company; and
- (2) the name and business address of each officer, director, principal, and partner of the premium finance company.
- (c) Requirements of registration application. -- A registration application may require the applicant to disclose the identity, trade names, and names of managers and owners of the applicant.
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