Maryland § 8-507
Full text of Maryland Maryland Code § 8-507, with citation guidance and answers to common questions.
§ 8-507.
(a) The Commissioner shall issue a license to each applicant that:
(1) meets the requirements of this subtitle; and
(2) pays the applicable fee for a license for an insurance producer under § 2-112 of this article.
(b) (1) In this subsection, “controlling person” means a person that directly or indirectly has the power to direct, or cause to be directed, the management, control, or activities of a reinsurance intermediary.
(2) The Commissioner may refuse to issue a license if the Commissioner finds that the applicant, an individual named on the application, a member, principal, officer, or director of the applicant, or a controlling person of the applicant:
(i) is not trustworthy to act as a reinsurance intermediary;
(ii) has given cause for revocation or suspension of a license; or
(iii) has failed to comply with a requirement for issuance of a license.
(3) On written request, the Commissioner shall provide a summary of the basis for the refusal to issue a license.
(4) The summary of the basis for refusal is privileged and is not a public document under Title 10, Subtitle 6 of the State Government Article.
Frequently Asked Questions About Maryland § 8-507
What does Maryland Code § 8-507 cover?
Section 8-507 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 § 8-507?
A common citation format is "Maryland Code § 8-507" (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 § 8-507 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.