Registration Requirements for Surplus Lines Insurers
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Insurance companies seeking to become eligible as surplus insurers must apply under Sections 2-112, 3-318 and 6-203 of the Insurance Article, Annotated Code of Maryland.
For initial eligibility, companies are required to submit the following using our NEW online portal:
- Certified copy of the most recent annual statement.
- Certificate of Compliance from domiciliary jurisdiction.
- An appointment of the Commissioner as agent for the acceptance of service of process.
- Filing fee of $1,000 (non-refundable) and $1,000 Fraud Prevention Fee, made payable to the
Maryland Insurance Administration.*
The authorization should be renewed by June 30.The renewal process can be completed online. You will be required to pay the renewal fee totaling $2,000 using a Visa, Mastercard, or eCheck. There is no extra charge for renewing online. If you renew by credit card, the charge on your statement will be shown as “Maryland Insurance Administration”. How to Renew Your Certificate Of Authority Online
Before you login to renew, please read the following instructions:
The company can renew its registration online starting April 1st using our NEW online portal.
- You must complete all required tasks in order to complete your renewal.
- Personal or corporate check payments - your payment may temporarily appear as "incomplete" while eligibility and ACH processing are being verified. This is normal and may take five business days.
Login for Online Company Certificate of Authority Renewal
If you are unable to renew online, please submit the following:
-
Application. - Certified copy of the most recent annual statement.
- Certificate of Compliance from domicililary jurisdiction.
- Filing fee of $1,000 (non-refundable) and $1,000 Fraud Prevention Fee made payable to the
Maryland Insurance Administration.*
* If your company is approved as an accredited reinsurer and a surplus line insurer, total payment due is $3,000.
Minimum financial requirement is policyholders’ surplus equal to the greater of the minimum capital and surplus required under the laws of the domiciliary jurisdiction or $15,000,000, effective July 1, 2011.
Filings and fees must be received on or before June 30 for annual renewal.
Application estimated verification time: two to five business days.
Application estimated application determination time: 14 to 30 days.
Estimated length of time to complete application: varies based on size and complexity.
If you have any questions, contact:
Company Licensing
Phone: 410-468-2106
Email: [email protected]
