PARRIS N. GLENDENING, Governor                             Ch. 685

(7) The names and addresses of the officers and directors of the attorney, if
a corporation, or its members, if a firm;

(8) The powers of the subscribers' advisory committee; and the names and
terms of office of the members thereof;

(9) That all moneys paid to the reciprocal shall, after deducting therefrom
any sum payable to the attorney, be held in the name of the insurer and for the purposes
specified in the subscribers' agreements;

(10) A copy of the subscribers' agreement;

(11) A statement that each of the original subscribers has in good faith
applied for insurance of a kind in which the insurer proposes to engage; and that the
insurer has received from each such subscriber the full premium or premium deposit
required for the policy applied for, for the term of not less than six (6) months at an
adequate rate theretofore filed with and approved by the Commissioner;

(12) A statement of the financial condition of the insurer, a schedule of its
assets, and a statement that the surplus required by § 282, is available; and

(13) A copy of each policy, endorsement and application form it then
proposes to issue or use.

Such declaration shall be verified by the oath of the attorney[, and shall contain
payment of the fee provided for by § 41 of this article].

284.

(a) (1) The certificate of authority of a reciprocal insurer shall be issued to its
attorney in the name of the reciprocal insurer[, upon payment of the fee provided for by
§ 41 of this article] UPON RECEIPT OF A COMPLETED APPLICATION.

(2) (I) THE CERTIFICATE OF AUTHORITY OF A RECIPROCAL INSURER
SHALL EXPIRE ON JULY 31 AND MAY BE RENEWED ANNUALLY.

(II) UPON SUBMISSION BY THE RECIPROCAL INSURER OF AN
APPLICATION FOR RENEWAL AND PAYMENT OF THE ANNUAL INSURANCE
REGULATION FEE UNDER § 41B OF THIS ARTICLE BEFORE THE EXPIRATION DATE OF
THE CERTIFICATE OF AUTHORITY, THE SAME SHALL REMAIN IN EFFECT UNTIL A
NEW CERTIFICATE OF AUTHORITY IS ISSUED OR SPECIFICALLY REFUSED.

307.

The certificate of authority of existing societies and all societies hereafter
authorized may be renewed annually, but in all cases to terminate on the [30th day of
June] 31ST DAY OF JULY. Upon [payment of the fee for renewal provided for in § 41]
APPLICATION FOR RENEWAL AND PAYMENT OF THE ANNUAL INSURANCE
REGULATION FEE UNDER § 41B OF THIS ARTICLE before the expiration date of a
certificate of authority the same shall remain in effect until a new certificate of authority
is issued or specifically refused.

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