<?xml version='1.0' encoding='utf-8'?>
<chapter num="03" heading="Risk Retention Groups and Purchasing Groups—Fees" title_num="31" subtitle_num="06">
  <regulation prefix="Regulation" num=".01" heading="Purpose.">
    <text>This chapter is promulgated to aid in the effectuation of Insurance Article, Title 25, Subtitle 1, Annotated Code of Maryland, and establishes reasonable fees to defray the costs incurred by the Insurance Administration in carrying out these requirements.</text>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Applicability.">
    <text>This chapter shall apply to all:</text>
    <paragraph num="A.">
      <text>Risk retention groups seeking to be chartered in this State;</text>
    </paragraph>
    <paragraph num="B.">
      <text>Risk retention groups chartered in a state other than this State and seeking to do business in this State; and</text>
    </paragraph>
    <paragraph num="C.">
      <text>Purchasing groups which intend to do business in this State.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".03" heading="Registration Fees.">
    <paragraph num="A.">
      <text>Domestic risk retention groups shall pay the following nonrefundable fees to the Commissioner:</text>
      <paragraph num="(1)">
        <text>Submission of plan of operation or feasibility study—$50;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Certificate of authority—$200;</text>
      </paragraph>
      <paragraph num="(3)">
        <text>Filing annual statement—$25;</text>
      </paragraph>
      <paragraph num="(4)">
        <text>Annual continuation of certificate of authority—$25.</text>
      </paragraph>
    </paragraph>
    <paragraph num="B.">
      <text>Foreign risk retention groups shall pay the following nonrefundable fees to the Commissioner:</text>
      <paragraph num="(1)">
        <text>Submission of plan of operation or feasibility study—$50;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Filing annual statement—$25.</text>
      </paragraph>
    </paragraph>
    <paragraph num="C.">
      <text>Purchasing groups shall pay to the Commissioner a nonrefundable registration fee of $100 upon submission of intent to do business in Maryland.</text>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Insurance Article, §§2-109, 25-102, 25-103, and 25-106(c), Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: February 6, 1989 (16:2 Md. R. 158)</annotation>
    <annotation type="History" subtype="Administrative History">Chapter recodified from COMAR 09.30.78 to COMAR 31.06.03 effective September 7, 1998 (25:18 Md. R. 1439)</annotation>
  </annotations>
</chapter>