Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS
Chapter 31.03.09 - Staggered System for Renewal of Licenses
Section 31.03.09.02 - Establishment of Staggered System of Renewals
Universal Citation: MD Code Reg 31.03.09.02
Current through Register Vol. 51, No. 19, September 20, 2024
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 workloads.
(3) The Administration may adjust the monthly volumes of license renewals by:
(a) Changing the month of expiration of a license;
(b) Prorating the renewal fee for the license and the fraud prevention fee in accordance with Regulation .04 of this chapter; and
(c) Prorating the continuing education hours for renewal of the license in accordance with Regulation .05 of this chapter.
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