Ch. 656                                        1997 LAWS OF MARYLAND

8-308.1.

(A)     ON OR BEFORE SEPTEMBER 30 OF THE RENEWAL YEAR, A PERSON WHOSE
THIRD PARTY ADMINISTRATOR'S REGISTRATION HAS EXPIRED MAY REINSTATE
THE EXPIRED REGISTRATION BY:

(1)      HUNG WITH THE COMMISSIONER THE APPROPRIATE
REINSTATEMENT APPLICATION;

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

(3)      COMPLYING WITH THE BOND REQUIREMENT OF § 8-306 OF THIS
SUBTITLE.

(B)     (1) THE FEE FOR A REINSTATEMENT UNDER THIS SECTION SHALL BE
TWICE:

(I) THE AMOUNT CHARGED FOR A FULL RENEWAL PERIOD FOR
THE TYPE OF REGISTRATION HELD BY THE PERSON SEEKING THE REINSTATEMENT;
AND

(II) 1. $25 FOR REINSTATEMENT DURING THE PERIOD FROM
JULY 1 THROUGH JULY 31;

2.        $50 FOR REINSTATEMENT DURING THE PERIOD FROM
AUGUST 1 THROUGH AUGUST 31: AND

3.        $75 FOR REINSTATEMENT DURING THE PERIOD FROM
SEPTEMBER 1 THROUGH SEPTEMBER 30.

(2) THE COMMISSIONER MAY LIMIT 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.

(C)     A PERSON WHOSE THIRD PARTY ADMINISTRATOR'S REGISTRATION HAS
EXPIRED MAY NOT ACT IS PROHIBITED FROM ACTING AS A THIRD PARTY
ADMINISTRATOR UNTIL THE EFFECTIVE DATE OF REINSTATEMENT OF THE
REGISTRATION.

(D)     A PERSON WHO DOES NOT COMPLY WITH SUBSECTION (A) OF THIS
SECTION ON OR BEFORE THE END OF SEPTEMBER 30 OF THE YEAR OF EXPIRATION
SHALL APPLY FOR A THIRD PARTY ADMINISTRATOR'S REGISTRATION UNDER § 8-305
OF THIS SUBTITLE AND MEET ANY OTHER REQUIREMENTS SPECIFIED BY THE
COMMISSIONER IN REGULATION.

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

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