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31.04.05.00.htm 31.04.05.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 04 INSURERS Chapter 05 Period of Organization or Proof of Financial Worth Before Admission of Foreign Stock and Mutual Insurance Companies Authority: Insurance Article, 2-109, 4-102, 4-103, and 4-104, Annotated Code of Maryland
31.04.05.01.htm 31.04.05.01. 01 Application.. A. An application of a foreign stock or mutual insurance company for a license to transact the insurance business in Maryland may not be considered until it has met the requirements of either §B or C of this regulation.B. The foreign stock or mutual insurance company shall have continuously, actively, and successfully transacted the business of insurance for at least 2 years immediately before the making of the application. However, the Commissioner may waive the 2
31.04.05.9999.htm 31.04.05.9999. Administrative History Effective date: June 22, 1966. Amended effective May 1, 1968. Regulation .01 amended effective October 23, 1995 (22:21 Md. R. 1615) ―. Chapter recodified from COMAR 09.30.05 to COMAR 31.04.05 effective September 7, 1998 (25:18 Md. R. 1439)
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