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31.06.03.00.htm 31.06.03.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 06 TAXES AND FEES Chapter 03 Risk Retention Groups and Purchasing Groups―Fees Authority: Insurance Article, §2-109, 25-102, 25-103, and 25-106(c) Annotated Code of Maryland
31.06.03.01.htm 31.06.03.01. 01 Purpose.. This chapter is promulgated to aid in the effectuation of Insurance Article, Title 25, Subtitle 1, Annotated Code of Maryland, and establishes reasonable fees to defray the costs incurred by the Insurance Administration in carrying out these requirements.
31.06.03.02.htm 31.06.03.02. 02 Applicability.. This chapter shall apply to all:. A. Risk retention groups seeking to be chartered in this State;. B. Risk retention groups chartered in a state other than this State and seeking to do business in this State; andC. Purchasing groups which intend to do business in this State..
31.06.03.03.htm 31.06.03.03. 03 Registration Fees.. A. Domestic risk retention groups shall pay the following nonrefundable fees to the Commissioner:. 1) Submission of plan of operation or feasibility study―50;. 2) Certificate of authority―200;. 3) Filing annual statement―25;. 4) Annual continuation of certificate of authority―25.. B. Foreign risk retention groups shall pay the following nonrefundable fees to the Commissioner:. 2) Filing annual statement―25.. C. Purchasing groups shall pay to the Commissioner
31.06.03.9999.htm 31.06.03.9999. Administrative History Effective date: February 6, 1989 (16:2 Md. R. 158) ―. Chapter recodified from COMAR 09.30.78 to COMAR 31.06.03 effective September 7, 1998 (25:18 Md. R. 1439)
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