State Codes and Statutes
Statutes > Maryland > Insurance > Title-8 > Subtitle-4 > 8-417§ 8-417. Certificate of authority.
(a) Examination and additional information.- Before the Commissioner issues a certificate of authority, the Commissioner may make any examination and require any additional information that the Commissioner considers necessary.
(b) Issuance.- On presentation of satisfactory evidence that the society has complied with this subtitle, the Commissioner shall issue to the society a certificate of authority that authorizes the society to transact business under this subtitle.
(c) Prima facie evidence of existence.- The certificate of authority is prima facie evidence that the society existed on the date of the certificate of authority.
(d) Record in office of Commissioner.- The Commissioner shall record the certificate of authority in the office of the Commissioner.
[CA § 6-409; 1995, ch. 36.]
