Ch. 36

1995 LAWS OF MARYLAND

SUBSECTION (A)(1) OF THIS SECTION DOES NOT APPLY TO A FOREIGN INSURER
THAT IS ORGANIZED IN A JURISDICTION THAT HAS ADOPTED BY STATUTE OR
REGULATION DISCLOSURE REQUIREMENTS AND STANDARDS SUBSTANTIALLY
SIMILAR TO THOSE IN THIS TITLE.

(C) EXEMPTION BY COMMISSIONER.

THIS SUBTITLE DOES NOT APPLY TO AN INSURER OR AFFILIATE TO THE
EXTENT THAT THE COMMISSIONER DETERMINES THAT THIS SUBTITLE IS NOT
INTENDED TO APPLY TO THE INSURER OR AFFILIATE AND EXEMPTS THE INSURER
OR AFFILIATE FROM THIS SUBTITLE BY REGULATION OR ORDER.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 495(a)(1), (h), and (i).

In subsection (a) of this section, the phrase "[e]xcept as provided in subsection
(b) of this section" is added to indicate that exceptions exist.

Defined terms: "Affiliate" § 7-101
"Authorized insurer" § 1-101
"Commissioner" § 1-101
"Foreign insurer" § 1-101
"Insurance holding company system" § 7-101
"Insurer" § 1-101

7-602. TIME FOR REGISTRATION.

(A)     IN GENERAL.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, EACH INSURER
SUBJECT TO REGISTRATION UNDER THIS SUBTITLE SHALL REGISTER WITH THE
COMMISSIONER WITHIN 15 DAYS AFTER THE INSURER BECOMES SUBJECT TO
REGISTRATION AND, FOR EACH SUBSEQUENT YEAR, ANNUALLY ON OR BEFORE
MAY 1.

(B)     EXTENSION BY COMMISSIONER.

IF THE COMMISSIONER EXTENDS THE TIME FOR REGISTRATION FOR GOOD
CAUSE, THE . INSURER SHALL. REGISTER ON OR BEFORE THE DATE THE
COMMISSIONER SETS.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 495(a)(3).

In subsection (a) of this section, the former reference to a "calendar" year is
deleted as surplusage.

Defined terms: "Commissioner" § 1-101
             "Insurer" § 1-101

7-603. REGISTRATION STATEMENT.

(A) REQUIRED; FORM AND CONTENTS.

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