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§ 23-203. Applications for registration

MD Ins Code § 23-203 (2019) (N/A)
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(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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§ 23-202. Financial requirements
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