Maryland § 14-413
Full text of Maryland Maryland Code § 14-413, with citation guidance and answers to common questions.
§ 14-413.
(a) On or before March 1 of each year, each dental plan organization shall file with the Commissioner a complete statement of its financial condition, transactions, and affairs for the immediately preceding calendar year.
(b) The annual statement shall:
(1) be in the form and have the content approved for current use by the National Association of Insurance Commissioners or its successor organization; and
(2) contain any additional information that the Commissioner requires.
(c) Unless the Commissioner extends the time for filing, a dental plan organization that fails to file an annual statement on or before March 10 shall pay a penalty of:
(1) $100 for each day from March 1 to March 10, both inclusive; and
(2) $150 for each day from March 11 to the day before the Commissioner receives the report, both inclusive.
(d) At any time, the Commissioner may require a dental plan organization doing business in the State to file an interim statement containing the information that the Commissioner considers necessary.
(e) (1) Except as provided in paragraph (5) of this subsection, on or before June 1 of each year, each dental plan organization shall file with the Commissioner an audited financial report for the immediately preceding calendar year.
(2) The dental plan organization shall have the audited financial report prepared by an independent certified public accountant.
(3) The Commissioner may:
(i) set requirements for the form and content of the audited financial report; and
(ii) for good cause, extend the time for filing the audited financial report.
(4) Unless the Commissioner extends the time for filing, a dental plan organization that fails to file an audited financial report on or before June 10 shall pay a penalty of:
(i) $100 for each day from June 1 to June 10, both inclusive; and
(ii) $150 for each day from June 11 to the day before the Commissioner receives the report, both inclusive.
(5) With 90 days’ advance notice, the Commissioner may require a dental plan organization to file an audited financial report earlier than the date specified in paragraph (1) of this subsection.
Frequently Asked Questions About Maryland § 14-413
What does Maryland Code § 14-413 cover?
Section 14-413 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 14-413?
A common citation format is "Maryland Code § 14-413" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 14-413 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.