Ch. 749

1994 LAWS OF MARYLAND

(3) THE PREMIUM TAX ON THE POLICY.

(G) A POLICY FEE CHARGED IN ACCORDANCE WITH THIS SECTION SHALL BE
SUBJECT TO THE PREMIUM TAX REQUIRED BY § 194 OF THIS ARTICLE.

486B.

(a) (1) Every premium finance company shall register as such with the
Commissioner prior to engaging in business in this State as a premium finance company,
and also shall file a bond in the penalty amount of $25,000 with the Commissioner, us
provided in paragraph (2) of this subsection. Registration forms shall be of such design
and content as is proscribed by the Commissioner and may require the filing of the form
of premium finance agreement to be used and the service charges to be applied and
disclosure of the identity, trade names, and the names of officers, managers, owners, and
directors. The Commissioner shall also require and designate forms for reporting changes
in officers, directors, owners, trade names, and business addresses. The registration shall
continue in effect and shall automatically be renewed upon receipt by the Commissioner
of the annual, NONREFUNDABLE registration fee of [$25] $100 on or before the first day
of July of each year, so long as any other prerequisites to engaging in business as a
premium finance company are met by the registrant.

609.

(c) Before a self insurance group may function, it must:

(1) SUBMIT TO THE COMMISSIONER A PLAN OF OPERATION, INCLUDING
THE GROUP'S SELF INSURANCE AGREEMENT:

(2) PAY THE FEES REQUIRED UNDER THIS ARTICLE; AND

(3) [obtain] OBTAIN the Commissioner's approval, including approval of
the group's self insurance agreement.

618.

(a) A risk retention group seeking to be chartered in this State shall:

(1) Be chartered and licensed as a casualty insurance company in
conformance with all insurance laws and regulations of this State; and

(2) Except as provided elsewhere in this subtitle, shall comply with all of the
laws, rules, regulations, and requirements applicable to such insurers chartered and
licensed in this State, and with the requirements of § 619 of this subtitle, to the extent
such requirements are not a limitation on the laws, rules, regulations, or requirements of
this State.

619.

Risk retention groups chartered and licensed in a state other than this State, and
seeking to do business as a risk retention group in this State, shall observe and abide by
the laws of this State as follows:                                                                   

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