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31.03.09.00.htm 31.03.09.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 03 INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS Chapter 09 Staggered System for Renewal of Licenses Authority: Insurance Article, §2-108, 2-109, and 10-115, Annotated Code of Maryland
31.03.09.01.htm 31.03.09.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Administration" means the Maryland Insurance Administration.. 2) "License" has the meaning stated in Insurance Article, §10-101(d) Annotated Code of Maryland..
31.03.09.02.htm 31.03.09.02. 02 Establishment of Staggered System of Renewals.. A. In General. The Administration may establish a staggered system of renewal for licenses.. B. Uniform Distribution of Renewal Dates.. 1) The Administration shall establish staggered renewal dates for licenses so that approximately the same number of licenses are renewed each day.2) From time to time, the Administration shall evaluate the monthly volume of license renewals for the purpose of maintaining relatively uniform workl
31.03.09.03.htm 31.03.09.03. 03 Term and Renewal of Licenses.. A. Term. The term of a license is 2 years from the date of issuance.. B. Renewal. The Administration shall renew licenses for a term of 2 years from the date of renewal unless the Administration changes the expiration date under Regulation .02B(3) of this chapter.
31.03.09.04.htm 31.03.09.04. 04 Proration of Fees.. A. Renewal Fees. If the Administration is required to charge a prorated renewal fee for a license, the Administration shall calculate the amount of the prorated fee by:1) Dividing the appropriate renewal fee listed in Insurance Article, §2-112, Annotated Code of Maryland, by 24;2) Multiplying the quotient obtained under §A(1) of this regulation by the number of months for which the license is issued or renewed; and3) Rounding the product o
31.03.09.05.htm 31.03.09.05. 05 Proration of Continuing Education Credit Hours.. A. General Continuing Education Requirements. Except as otherwise provided by Insurance Article, §10-116, Annotated Code of Maryland, the holder of a license shall complete 16 credit hours of continuing education before the holder may renew the license.B. Proration.. 1) The holder of a license whose date of expiration is changed by the Administration pursuant to Regulation .02B(3)a) of this chapter, who has held a
31.03.09.9999.htm 31.03.09.9999. Administrative History Effective date: August 20, 2001 (28:16 Md. R. 1484). Chapter revised effective April 10, 2006 (33:7 Md. R. 675).
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