(a) Within 1 year after the expiration date, a person whose third party administrator’s registration has expired may reinstate the expired registration by:
(1) filing with the Commissioner the appropriate reinstatement application;
(2) subject to subsection (b) of this section, paying to the Commissioner a reinstatement fee of $100; and
(3) complying with the bond requirement of § 8–306 of this subtitle.
(b) The Commissioner may limit the reinstatement fee to the amount of the renewal fee in cases where the reinstatement applicant did not make timely renewal because of temporary incapacity, hospitalization, or other hardship.
(c) A person whose third party administrator’s registration has expired is prohibited from acting as a third party administrator until the effective date of reinstatement of the registration.
(d) A person who does not comply with subsection (a) of this section within 1 year after the expiration date shall apply for a third party administrator’s registration under § 8–305 of this subtitle and meet any other requirements specified by the Commissioner in regulation.
(e) The Commissioner may adopt regulations to carry out this section.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 3 - Third Party Administrators
Section 8-303 - Registration Required
Section 8-304 - Qualifications of Applicants
Section 8-305 - Applications for Registration
Section 8-307 - Issuance of Registration
Section 8-308 - Term and Renewal of Registration
Section 8-308.1 - Reinstatement of Registration
Section 8-309 - Denials, Refusals to Renew, Suspensions, and Revocations
Section 8-310 - Administrator's Duties With Respect to Plan
Section 8-311 - Agreement Between Administrator and Plan Sponsor or Insurer
Section 8-312 - Books and Records About Plan
Section 8-313 - Notice to Pharmacies of Change in Pharmaceutical Benefits
Section 8-314 - Errors and Omissions Policy
Section 8-315 - Waiver of Liability by Administrator Void; Liability Insurance
Section 8-316 - Prohibited Activities of Administrator
Section 8-317 - Allowing Another to Act as Administrator in Violation of Subtitle
Section 8-319 - Investigations by Commissioner
Section 8-320 - Enforcement of Subtitle
Section 8-321 - Liability of Administrator
Section 8-321.1 - Third Party Administrator to Comply With 27-803