Md. Code Regs. 31.04.02.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 31.04.02.03 - Biographical Affidavit

A. Biographical affidavits shall be submitted on the individuals required by the applicable filing when:

(1) An entity files an application for a certificate of authority using the NAIC Uniform Certificate of Authority Primary Application;

(2) A foreign entity files an application for a certificate of authority using the Uniform Certificate of Authority Expansion Application;

(3) A foreign entity files an application to redomesticate to Maryland using the Uniform Certificate of Authority Primary Application;

(4) A person files a registration statement pursuant to Insurance Article, § 7-603, Annotated Code of Maryland; and

(5) Any person seeking to acquire control of an insurer or other entity files a statement pursuant to Insurance Article, § 7-304, Annotated Code of Maryland.

B. Upon written request of the Commissioner and within 30 days of such a request, a foreign entity holding a current certificate of authority in this State that had a change in principal management shall provide a biographical affidavit for the affiant listed in the request.

C. For any change in principal management of a domestic entity, a person shall submit a biographical affidavit for the affiant within 30 days of the date of change.

Md. Code Regs. 31.04.02.03

Regulation .03 amended effective October 23, 1995 (22:21 Md. R. 1615); amended effective 43:18 Md. R. 1018, eff. 10/1/2016