Md. Code, Insurance § 26-205
This is the official text of Md. Code, Insurance § 26-205, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§26–205.
Official statutory text
(a) Within a reasonable time after an application for a license is filed, the Commissioner shall issue a license to the applicant unless:
(1) the applicant has not met all of the requirements of this title;
(2) in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or
(3) the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity.
(b) If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle.
(c) If an application for a license filed under this subtitle is disapproved, the Commissioner shall:
(1) retain $50 of the application fee paid by the applicant; and
(2) return the balance of the application fee to the applicant.
(1) the applicant has not met all of the requirements of this title;
(2) in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or
(3) the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity.
(b) If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle.
(c) If an application for a license filed under this subtitle is disapproved, the Commissioner shall:
(1) retain $50 of the application fee paid by the applicant; and
(2) return the balance of the application fee to the applicant.
Status: in_force · Read it on the official government site
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