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Maryland Code, Insurance § 23-203

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) An applicant for initial registration shall:

(1) file with the Commissioner:

(i) an application on the form that the Commissioner requires;

(ii) in the case of a corporation or limited liability company, a certificate of good standing issued by the State Department of Assessments and Taxation;

(iii) evidence of compliance with § 23-202 of this subtitle;

(iv) the form of the premium finance agreement to be used; and

(v) the finance charge, initial service fee, and all other fees and charges to be applied; and

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

(b) The registration application shall include the following information:

(1) the name, business address, and telephone number of the premium finance company; and

(2) the name and business address of each officer, director, principal, and partner of the premium finance company.

(c) A registration application may require the applicant to disclose the identity, trade names, and names of managers and owners of the applicant.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 23-203 - last updated December 31, 2021 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-23-203/

Read this complete Maryland Code, Insurance § 23-203 on Westlaw

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