(a) A certificate of qualification expires on the first June 30 after its effective date unless it is renewed as provided in this section.
(b) Before a certificate of qualification expires, the holder of the certificate of qualification may renew it for an additional 1-year term, if the holder:
(1) otherwise is entitled to a certificate of qualification; and
(2) pays to the Commissioner the renewal fee required by § 2-112 of this article.
(c) The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 2 - Managing General Agents
Section 8-202 - Certificate of Qualification Required
Section 8-202.1 - Applicant Qualifications
Section 8-203 - Applications for Certificate of Qualification
Section 8-204 - Issuance of Certificate of Qualification
Section 8-205 - Term and Renewal of Certificate of Qualification
Section 8-206 - Denials, Refusals to Renew, Suspensions, and Revocations; Penalties
Section 8-207 - Bond or Errors and Omissions Policy; Examination
Section 8-208 - Contract Between Managing General Agent and Insurer
Section 8-209 - Prohibited Activities of Managing General Agent
Section 8-210 - Duties of Insurer as to Managing General Agents
Section 8-212 - Confidentiality of Contracts
Section 8-213 - Submanaging General Agents to Comply With Subtitle