§ 4-109. Issuance or disapproval of initial certificate of authority

MD Ins Code § 4-109 (2019) (N/A)
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(a)    Within a reasonable time after the filing of a completed application for an initial certificate of authority, the Commissioner shall:

(1)    issue an appropriate certificate of authority; or

(2)    disapprove the application and state the grounds for disapproval.

(b)    On request of an insurer, the Commissioner may issue a certificate of authority limited to a particular type of insurance or insurance coverage within the scope of a kind of insurance.