Ch. 656

1997 LAWS OF MARYLAND

CERTIFICATE OF QUALIFICATION HAS NOT BEEN RECEIVED BY THE COMMISSIONER
IS NOT POSTMARKED ON OR BEFORE JUNE 30 OF THE YEAR OF RENEWAL, IN
ACCORDANCE WITH § 188 OF THIS ARTICLE, THE CERTIFICATE OF QUALIFICATION
SHALL EXPIRE AT THE END OF THE AFTER THAT JUNE 30 IMMEDIATELY PRECEDING
THE RENEWAL DATE

(B)     ON OR BEFORE SEPTEMBER 30 OF THE RENEWAL YEAR, A PERSON WHOSE
SURPLUS LINES BROKER'S CERTIFICATE OF QUALIFICATION HAS EXPIRED MAY
REINSTATE THE EXPIRED CERTIFICATE BY:

(1)     FILING WITH THE COMMISSIONER THE APPROPRIATE

REINSTATEMENT APPLICATION;

(2)      PAYING TO THE COMMISSIONER THE APPLICABLE REINSTATEMENT
FEE REQUIRED UNDER SUBSECTION (C) OF THIS SECTION; AND

(3)     COMPLYING WITH THE BOND REQUIREMENT OF § 188 OF THIS

ARTICLE.

(C)     THE FEE FOR A REINSTATEMENT UNDER THIS SECTION SHALL BE TWICE
THE AMOUNT CHARGED FOR A FULL RENEWAL PERIOD FOR THE TYPE OF
CERTIFICATE OF QUALIFICATION HELD BY THE PERSON SEEKING THE
REINSTATEMENT.

(D)    A PERSON WHOSE SURPLUS LINES BROKER'S CERTIFICATE OF
QUALIFICATION HAS EXPIRED MAY NOT ACT IS PROHIBITED FROM ACTING AS A
SURPLUS LINES BROKER UNTIL THE EFFECTIVE DATE OF REINSTATEMENT OF THE
CERTIFICATE OF QUALIFICATION.

(E)     A PERSON WHO DOES NOT COMPLY WITH SUBSECTION (B) OF THIS
SECTION ON OR BEFORE THE END OF SEPTEMBER 30 OF THE YEAR OF EXPIRATION
SHALL APPLY FOR A SURPLUS LINES BROKER'S CERTIFICATE OF QUALIFICATION
UNDER § 188 OF THIS ARTICLE AND MEET ANY OTHER REQUIREMENTS SPECIFIED
BY THE COMMISSIONER IN REGULATION.

(F)     THE COMMISSIONER MAY OMIT THE REINSTATEMENT FEE TO THE
AMOUNT OF THE RENEWAL FEE IN CASES WHERE THE REINSTATEMENT APPLICANT
DID NOT MAKE TIMELY RENEWAL BECAUSE OF TEMPORARY INCAPACITY,
HOSPITALIZATION, OR OTHER HARDSHIP.

(F) (G) THE COMMISSIONER MAY ADOPT REGULATIONS TO CARRY OUT
THIS SECTION.

685.

(a) An applicant for registration shall:

(1)     Submit to the Commissioner an application on the form that the
Commissioner requires; and

(2)     Pay to the Commissioner an application fee of $250.

- 3770 -