§ 23–203

Statutes in effect as of October 1, 2026.

Md. Code Ann., Ins. § 23-203 (2026)

Title 23. Premium Financing

Subtitle 2. Registration

(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.