Section 7-207 - Same - Approval. - Maryland Statutes

§ 7-207. Same - Approval.
 

(a)  Investigation by Commissioner.- When an applicant for a certificate of authority files the application and pays the application fee required under § 7-206 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 7-205 of this subtitle. 

(b)  Time limit for approval.- Unless the Commissioner notifies the applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a certificate of authority within 120 days after the complete application is filed and the application fee is paid. 

(c)  Issuance of certificate.- The Commissioner shall issue a certificate of authority to any applicant who meets the requirements of this subtitle. 
 

[2002, ch. 540.]