Ch. 11

1996 LAWS OF MARYLAND

"insurer" are added for clarity and consistency throughout this section.

Defined terms: "Commissioner" § 1-101
"Insurer" § 1-101
"Person" § 1-101
"Premium" § 1-101
"Premium finance company" § 23-101

23-203. APPLICATIONS FOR REGISTRATION.

(A)     IN GENERAL.

AN APPLICANT FOR REGISTRATION SHALL:

(1)      FILE WITH THE COMMISSIONER AN APPLICATION ON THE FORM
THAT THE COMMISSIONER REQUIRES; AND

(2)     PAY TO THE COMMISSIONER AN APPLICATION FEE OF $25.

(B)     REQUIREMENTS OF REGISTRATION FORM.

A REGISTRATION FORM MAY REQUIRE THE APPLICANT TO:

(1)     FILE THE FORM OF THE PREMIUM FINANCE AGREEMENT TO BE
USED;

(2)      FILE THE SERVICE CHARGES TO BE APPLIED; AND

(3)      DISCLOSE THE IDENTITY, TRADE NAMES, AND NAMES OF OFFICERS,
MANAGERS, OWNERS, AND DIRECTORS OF THE APPLICANT.

REVISOR'S NOTE: This section is new language derived without substantive
change from the second sentence of former Art. 48A, § 486B(a)(1) and the
reference in the fourth sentence to a fee of $25.

Subsection (a)(2) of this section is revised to provide expressly that an
application fee of $25 must be paid.

In subsection (b)(3) of this section, the reference to an "applicant" is added
for clarity.

Defined terms: "Commissioner" § 1-101

"Premium finance agreement" § 23-101

23-204. ISSUANCE OF REGISTRATION.

THE COMMISSIONER SHALL REGISTER EACH APPLICANT THAT MEETS THE
REQUIREMENTS OF THIS TITLE.

REVISOR'S NOTE: This section is new language added to state explicitly the duty
of the Commissioner to issue a registration to a qualified applicant, which was
implicit in the former law, for consistency with other similar registration and
licensing provisions revised throughout this article. See, e.g., Title 8, Subtitles
3 and 5 of this article.

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