Md. Code, Insurance § 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.