§4–109.

    (a)    Within a reasonable time after the filing of a completed application for an initial certificate of authority, the Commissioner shall:

        (1)    issue an appropriate certificate of authority; or

        (2)    disapprove the application and state the grounds for disapproval.

    (b)    On request of an insurer, the Commissioner may issue a certificate of authority limited to a particular type of insurance or insurance coverage within the scope of a kind of insurance.