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PARRIS N. GLENDENING, Governor Ch. 456
(D) THE ADMINISTRATION MAY CHARGE A FEE FOR COPIES OF ANY REPORTS
REQUIRED UNDER SUBSECTIONS (A) OR (B) OF THIS SECTION THAT ARE PROVIDED
TO THE PUBLIC.
4-112.
(b) At least [1 month] 3 2 MONTHS before a certificate of authority expires, the
Commissioner shall mail to the holder of the certificate of authority, at the last known
address of the holder:
(1) a renewal application form; and
(2) a notice that states:
(i) the date on which the current certificate of authority expires:
(ii) the date by which the Commissioner must receive the renewal
application for the renewal to be issued and mailed before the certificate of authority
expires: and
(iii) the amount of the renewal fee.
(E) (1) UNTIL THE INSURER HAS FILED AN INSURER SHALL MAIL A
RENEWAL APPLICATION AND THE APPLICABLE RENEWAL FEE, ON OR BEFORE JUNE
1 JUNE 30. AN INSURER THAT FAILS TO RENEW ITS CERTIFICATE OF AUTHORITY ON
OR BEFORE JUNE 30 DO SO RENEW ITS CERTIFICATE OF AUTHORITY ON OR BEFORE
JUNE 30 SHALL PAY A PENALTY OF FORFEIT:
(1) (I) $100 $500 FOR EACH DAY FROM JULY 1 TO JULY 10 JUNE 2
THROUGH JUNE 10. BOTH INCLUSIVE: AND JULY I THROUGH JULY 10;
(2) (II) $500 $1,000 FOR EACH DAY FROM JULY 11 TO JULY 31, BOTH
INCLUSIVE; AND JUNE 11 THROUGH JUNE 30. JULY 11 THROUGH JULY 31; AND
(3) $1,000 FOR EACH DAY AFTER JULY 31.
(2) AN INSURER THAT FAILS TO RENEW ITS CERTIFICATE OF
AUTHORITY ON OR BEFORE JUNE 30 SHALL FORFEIT;
(I) (III) $1,000 $5,000 FOR EACH DAY FROM JULY 1 THROUGH JULY
5; AND AFTER JULY 31.
(II) $5,000 FOR EACH DAY AFTER JULY 5.
(2) IN ADDITION TO THE PROVISIONS IMPOSED UNDER PARAGRAPH (1) OF
THIS SUBSECTION, AN INSURER THAT FAILS TO RENEW ITS CERTIFICATE OF AUTHORITY
ON OR BEFORE JUNE 30 IN THE PREVIOUS YEAR SHALL:
(I) RENEW ITS CERTIFICATE OF AUTHORITY ON OR BEFORE JUNE 1
OF THE CURRENT YEAR; AND
(II) FORFEIT $3,000 IF THE INSURER FAILS TO RENEW ITS CERTIFICATE
OF AUTHORITY ON OR BEFORE JUNE 30 IN THE CURRENT YEAR.
(3) IN ADDITION TO THE MONETARY PENALTIES IMPOSED UNDER THIS
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