WILLIAM DONALD SCHAEFER, Governor                         Ch. 749

(a) Before offering insurance in this State, a risk retention group shall submit to
the Commissioner, ACCOMPANIED BY THE PAYMENT OF THE FEES REQUIRED UNDER
§ 41 OF THIS ARTICLE:

(1) A statement identifying:

(i) The state or states in which the risk retention group is chartered
and licensed as a liability insurance company;

(ii) The date of chartering and licensing;

(iii) Its principal place of business; and

(iv) Any other information, including information on its membership,
as the Commissioner may require to verify that the risk retention group is qualified under
§ 617(k) of this subtitle;

(2) (i) A copy of its plan of operation or feasibility study and revisions of
such plan or study submitted to the state in which the group is chartered and licensed;

(ii) The provisions of subparagraph (i) of this paragraph do not apply
to any line or classification of liability insurance which:

1. Was defined in the Product Liability Risk Retention Act of
1981 prior to October 27, 1986; and

2. Was offered before October 27, 1986 by any risk retention
group which had been chartered and operating for not less than 3 years prior to that date;

and

(iii) The risk retention group shall submit a copy of any revisions to its
plan of operation or feasibility study required by § 618 of this subtitle at the same time
that such revision is submitted to the Commissioner of its chartering state;

(3)     A statement of registration for which the Commissioner shall determine
a filing fee, designating the Commissioner as its agent for the purpose of receiving service
of legal documents or process;

(4)     A copy of the group's financial statement submitted to the state in which
the group is chartered and licensed, which shall be certified by an independent certified
public accountant and contain a statement of opinion on loss and loss adjustment expense
reserves made by a member of the American Academy of Actuaries or a qualified loss
reserve specialist;

(5) A copy of each examination of the risk retention group as certified by
the Commissioner or public official conducting the examination;

(6) Upon request of the Commissioner, a copy of any information or
document pertaining to any outside audit performed with respect to the risk retention
group; and

(7) Any other information as the Commissioner may require in order to
verify its continuing qualification as a risk retention group under § 617(k) of this subtitle.

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