§ 26-205
174 words·~1 min read·
/md/insurance/26-205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§26–205.
(a)Within a reasonable time after an application for a license is filed, the Commissioner shall issue a license to the applicant unless:
(1)the applicant has not met all of the requirements of this title;
(2)in the judgment of the Commissioner, the applicant does not have sufficient financial responsibility to engage in the business of a motor club; or
(3)the applicant has failed to make a reasonable showing that all of its owners, managers, officers, directors, or representatives are persons of reliability and integrity.
(b)If the Commissioner disapproves the application for a license, the Commissioner shall notify the applicant as soon as practicable of the reason for the disapproval and inform the applicant of its right to a hearing on the matter as provided in § 26-209 of this subtitle.
(c)If an application for a license filed under this subtitle is disapproved, the Commissioner shall:
(1)retain $50 of the application fee paid by the applicant; and
(2)return the balance of the application fee to the applicant.