§ 8-412. Filing requirements

MD Ins Code § 8-412 (2019) (N/A)
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(a)    The incorporators shall file with the Commissioner:

(1)    the articles of incorporation of the society;

(2)    certified copies of the society’s laws and rules;

(3)    copies of all proposed:

(i)    forms of certificates;

(ii)    applications for certificates; and

(iii)    circulars to be issued by the society; and

(4)    a bond conditioned on the return to applicants of advance premiums if the organization of the society is not completed within 1 year.

(b)    The Commissioner may require any additional information that the Commissioner considers necessary.

(c)    The bond required under subsection (a) of this section must:

(1)    be issued by a surety insurer approved by the Commissioner; and

(2)    be in the amount required by the Commissioner, but not less than $300,000 nor more than $1,500,000.

(d)    Each document filed shall be in the English language.