Ch. 36                                          1995 LAWS OF MARYLAND

1.        UNDER OATH OF ITS PRESIDENT AND SECRETARY OR
EQUIVALENT OFFICERS;

2.        IN THE FORM REQUIRED BY THE COMMISSIONER;

3.        VERIFIED BY AN EXAMINATION MADE BY THE
INSURANCE SUPERVISORY OFFICIAL OF ITS HOME STATE OR ANOTHER STATE,
TERRITORY, PROVINCE, OR COUNTRY; AND

4.        SATISFACTORY TO THE COMMISSIONER;

(V)     A CERTIFICATE OF COMPLIANCE FROM THE PROPER OFFICIAL
OF ITS HOME STATE, TERRITORY, PROVINCE, OR COUNTRY THAT THE SOCIETY IS
LEGALLY INCORPORATED AND AUTHORIZED TO TRANSACT INSURANCE BUSINESS
IN THAT STATE, TERRITORY, PROVINCE, OR COUNTRY;

(VI)    COPIES OF ITS FORMS OF CERTIFICATES: AND

(VII)  ANY ADDITIONAL INFORMATION THAT THE COMMISSIONER
CONSIDERS NECESSARY.

(D)     AMENDMENTS TO ARTICLES OF INCORPORATION, CONSTITUTION, OR
LAWS.

EACH FOREIGN OR ALIEN SOCIETY AUTHORIZED TO DO INSURANCE BUSINESS
IN THE STATE SHALL FILE WITH THE COMMISSIONER, WITHIN 90 DAYS AFTER
ENACTMENT, A CERTIFIED COPY OF EACH AMENDMENT OF, OR ADDITION TO, ITS
ARTICLES OF INCORPORATION, CONSTITUTION, OR LAWS.

(E)     DENIALS, SUSPENSIONS, AND REVOCATIONS.

(1) THE COMMISSIONER MAY DENY A CERTIFICATE OF AUTHORITY TO
A FOREIGN OR ALIEN SOCIETY APPLICANT OR SUSPEND OR REVOKE A CERTIFICATE
OF. AUTHORITY OF A FOREIGN OR ALIEN SOCIETY IF, ON INVESTIGATION, THE
COMMISSIONER FINDS THAT THE SOCIETY:

(I). HAS EXCEEDED ITS POWERS;

(II) HAS FAILED TO COMPLY WITH ANY PROVISION OF THIS

SUBTITLE;

OR

(III)    IS NOT FULFILLING ITS CONTRACTS IN GOOD FAITH;

(IV)    IS CONDUCTING ITS INSURANCE BUSINESS FRAUDULENTLY;

(V) IS CONDUCTING ITS INSURANCE BUSINESS IN A MANNER
HAZARDOUS TO ITS MEMBERS, CREDITORS, OR THE PUBLIC.

(2) IF THE COMMISSIONER MAKES A FINDING UNDER SUBSECTION (A)
OF THIS SECTION, THE COMMISSIONER SHALL:

(I) NOTIFY THE SOCIETY OF THE FINDING;
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