Md. Code, Insurance § 8-412
This is the official text of Md. Code, Insurance § 8-412, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§8–412.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.