Ch. 36

1995 LAWS OF MARYLAND

Defined terms: "Commissioner" § 1-101
"Insurance" § 1-101
"Insurance business" § 1-101
"Person" § 1-101

2-112. FEES.

(A) IN GENERAL.

FEES FOR THE FOLLOWING CERTIFICATES, LICENSES, AND SERVICES SHALL BE
COLLECTED IN ADVANCE BY THE COMMISSIONER, AND SHALL BE PAID BY THE
APPROPRIATE PERSONS TO THE COMMISSIONER:

(1)      FEES FOR CERTIFICATES OF AUTHORITY:

(I)       APPLICATION FEE FOR INITIAL CERTIFICATE OF AUTHORITY,
INCLUDING FILING THE APPLICATION, ARTICLES OF INCORPORATION AND OTHER
CHARTER DOCUMENTS, EXCEPT AS PROVIDED IN ITEM (2) OF THIS SUBSECTION,
BYLAWS, FINANCIAL STATEMENT, EXAMINATION REPORT, POWER OF ATTORNEY TO
THE COMMISSIONER, AND ALL OTHER DOCUMENTS AND FILINGS IN CONNECTION
WITH THE APPLICATION...........................................................................................................$1,000

(II)     FEE FOR INITIAL CERTIFICATE OF AUTHORITY.......................$200

(III)    FEE FOR ANNUAL RENEWAL OF CERTIFICATE OF AUTHORITY
FOR ALL FOREIGN INSURERS AND FOR DOMESTIC INSURERS WITH THEIR HOME OR
EXECUTIVE OFFICE IN THE STATE...........................................................................................$500

(IV)    FEE FOR ANNUAL RENEWAL OF CERTIFICATE OF AUTHORITY
FOR DOMESTIC INSURERS WITH THEIR HOME OR EXECUTIVE OFFICE OUTSIDE THE
STATE, EXCEPT THOSE DOMESTIC INSURERS THAT HAD THEIR HOME OR
EXECUTIVE OFFICE OUTSIDE THE STATE BEFORE JANUARY 1, 1929:

1.        WITH PREMIUMS WRITTEN IN THE MOST RECENT
CALENDAR YEAR NOT EXCEEDING $500,000.......................................................................$2,500

2.        WITH PREMIUMS WRITTEN IN THE MOST RECENT
CALENDAR YEAR NOT EXCEEDING $1,000,000...................................................................$5,000

3.        WITH PREMIUMS WRITTEN IN THE MOST RECENT
CALENDAR YEAR NOT EXCEEDING $2,000,000 .................................................................$7,000

4.        WITH PREMIUMS WRITTEN IN THE MOST RECENT
CALENDAR YEAR NOT EXCEEDING $5,000,000...................................................................$9,000

5.        WITH PREMIUMS WRITTEN IN THE MOST RECENT
CALENDAR YEAR OF MORE THAN $5,000,000...................................................................$11,000

(V)     REINSTATEMENT OF CERTIFICATE OF AUTHORITY................$500

(2)      FEES FOR ARTICLES OF INCORPORATION OF A DOMESTIC INSURER
OR FOREIGN INSURER, EXCLUSIVE OF FEES REQUIRED TO BE PAID TO THE
DEPARTMENT OF ASSESSMENTS AND TAXATION:

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