Maryland § 8-444
Full text of Maryland Maryland Code § 8-444, with citation guidance and answers to common questions.
§ 8-444.
(a) Each society transacting insurance business in the State shall:
(1) file with the Commissioner an annual statement as provided in § 4-116 of this article;
(2) pay to the Commissioner a fee of $25 for filing the annual statement; and
(3) prepare a synopsis of the annual statement that explains the condition of the society as disclosed by the annual statement.
(b) On or before June 1 of each year the synopsis required by subsection (a)(3) of this section shall be:
(1) printed and mailed to each benefit member of the society; or
(2) published in the society’s official publication.
(c) (1) A society that fails to file the annual statement required under subsection (a) of this section shall pay a penalty of $100 each day until the annual statement is filed.
(2) In addition to the penalty provided in paragraph (1) of this subsection, the Commissioner, after notice to the society, shall suspend the society’s authority to do business in the State until the annual statement is filed.
Frequently Asked Questions About Maryland § 8-444
What does Maryland Code § 8-444 cover?
Section 8-444 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 § 8-444?
A common citation format is "Maryland Code § 8-444" (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 § 8-444 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.