MD Insurance Bulletin 22-10

Electronic payment of corporate amendment and expansion applications filing fees

Year: 2022Length: 282 wordsOfficial source
BULLETIN 22-10 DATE: August 16, 2022 TO: All Insurers RE: Electronic payment of corporate amendment and expansion applications filing fees ______________________________________________________________________________ This Bulletin is applicable to any insurer that is authorized to submit a Uniform Certificate of Authority Application (UCAA) via the National Association of Insurance Commissioners (NAIC) UCAA portal for corporate amendment and expansion application filings. Effective July 6, 2022, the Maryland Insurance Administration (MIA) will accept payment of corporate amendment and expansion application filing fees electronically through OPTins. OPTins, a product of the NAIC, offers efficient and seamless electronic payment submission. In order to use OPTins, you must register for a new account. It is important to register early because it takes 7-10 business days for a newly established account to be available for use. Easy to follow instructions are available at www.optins.org. Existing users of OPTins do not need to re-register. If you have any questions regarding how to set up a new account, please contact the OPTins Marketing Team at optinsmktg@naic.org or 816-783-8787. Once registered and set up, you will be able to log in and submit your payment online. The MIA will continue to accept payments by paper check for those who do not wish to use OPTins. Please contact the Acting Associate Commissioner for Financial Regulation Division, Lynn Beckner (Lynn.Beckner@maryland.gov / 410.468.2126) or the Director of Company Licensing, Victoria Claros (Victoria.Claros@maryland.gov / 410.468.2134) with any questions. KATHLEEN A. BIRRANE Commissioner GREGORY M. DERWART Deputy Commissioner LARRY HOGAN Governor BOYD K. RUTHERFORD Lt. Governor 200 Saint Paul Street, Suite 2700, Baltimore, Maryland 21202 Direct Dial: 410-468-2471 Fax: 410-468-2020 1-800-492-6116 TTY: 1-800-735-2258 www.insurance.maryland.gov Kathleen A. Birrane Commissioner By: SIGNATURE ON ORIGINAL Lynn Beckner Acting Associate Commissioner, Financial Regulation
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