clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1997
Volume 795, Page 3981   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

PARRIS N. GLENDENING, Governor                             Ch. 685

(b) The Commissioner shall renew the certificate of authority of a dental plan
organization if the dental plan organization remains in compliance with this subtitle and
[pays to the Commissioner a renewal fee of $100] WITH §§ 2-112 AND 2
-113 AND TITLE
2, SUBTITLE 5 OF THIS ARTICLE.

25-307.

The Commissioner [may]:

(1) [require] MAY REQUIRE actuarial studies and audits to determine the
financial
solvency of each self insurance group as often as the Commissioner desires;

(2) [assess each self-insurance group an annual amount of not more than
$500 to be used for the actuarial studies and audits] SHALL REQUIRE THAT, AS A
CONDITION OF THE COMMISSIONER'S APPROVAL OF THEIR CONTINUED OPERATION
IN THE STATE, EACH SELF INSURANCE GROUP MUST PAY THE INSURANCE
REGULATION FEE SET OUT UNDER TITLE 2, SUBTITLE 5 OF THIS ARTICLE; and

(3) [require] MAY REQUIRE an annual report that may include payroll
audit report, summary loss reports, and quarterly financial statements.

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

ArticleInsurance

[2-112.

(a) Fees for the following certificates, licenses, and services shall be collected in
advance by the Commissioner, and shall be paid by the
appropriate persons to the
Commissioner:

(1) fees for certificates of authority:

(i) application fee for initial certificate of authority, including filing
the
application, articles of incorporation and other charter documents, except as provided
in it
em (2) of this subsection, bylaws, financial statement, examination report, power of
attorney to the Commissioner, and all other documents and filings in connection with the
application......................................................................................................................$1,000

(ii) fee for initial certificate of authority..............................$200

(iii) fee for annual renewal of certificate of authority for all foreign
insurers and for domestic insurers with their home or executive offic
e in the State..$500

(iv) fee for annual renewal of certificate of authority for domestic
insurers with their home or executiv
e office outside the State, except those domestic
insurers that had their home or executive
office outside the State before January 1, 1929.

1. with premiums written in the most recent calendar year not
exceeding $500,000........................................................................................................$2,500

2. with premiums written in the most recent calendar year not
exceeding $1,000,000 ....................................................................................................$5,000

- 3981 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1997
Volume 795, Page 3981   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives