# Insurance (GIN)

## Title 8. Entities That Act as Insurers

### Subtitle 5. Reinsurance Intermediaries

#### Section 8-507

(a) The Commissioner shall issue a license to each applicant that:

  (1) meets the requirements of this subtitle; and

  (2) pays the applicable fee for a license for an insurance producer under Sec. 2-112 of this article.

(b)

  (1) In this subsection, "controlling person" means a person that directly or indirectly has the power to direct, or cause to be directed, the management, control, or activities of a reinsurance intermediary.

  (2) The Commissioner may refuse to issue a license if the Commissioner finds that the applicant, an individual named on the application, a member, principal, officer, or director of the applicant, or a controlling person of the applicant:

    (i) is not trustworthy to act as a reinsurance intermediary;

    (ii) has given cause for revocation or suspension of a license; or

    (iii) has failed to comply with a requirement for issuance of a license.

  (3) On written request, the Commissioner shall provide a summary of the basis for the refusal to issue a license.

  (4) The summary of the basis for refusal is privileged and is not a public document under Title 10, Subtitle 6 of the State Government Article.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)