§ 4-109
72 words·~1 min read·
/md/insurance/4-109A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–109.
(a)Within a reasonable time after the filing of a completed application for an initial certificate of authority, the Commissioner shall:
(1)issue an appropriate certificate of authority; or
(2)disapprove the application and state the grounds for disapproval.
(b)On request of an insurer, the Commissioner may issue a certificate of authority limited to a particular type of insurance or insurance coverage within the scope of a kind of insurance.