J. MILLARD TAWES, Governor                     1063

ments of this article applicable to such policies. The annual license
fee shall be as provided in section 41. Notice of the existence of a
current license shall be displayed on or about each such vending
machine in use in such manner as the Commissioner may reasonably
require.

(c) Upon application therefor, the Commissioner shall issue to
any individual qualified in accordance with the provisions of this
subtitle, a license as agent, broker, or solicitor, limited to the busi-
ness of selling motor vehicle insurance coverages only, including
bodily injury liability, property damage liability, and automobile
physical damage.

174. Payment of Premium to Brokers; Cancellation.

No insurance policy shall be subject to cancellation by the insurer
for non-payment of premiums in any situation where the premium
due on such policy has been paid to the broker. or broker's solicitor.
who negotiated such policy for the insured.

175. Grounds for Refusal; Suspension and Revocation of License.

A license may be refused, or a AN ORIGINAL APPLICATION
FOR LICENSE MAY BE REFUSED UNTIL THE COMMISSION
IS SATISFIED UNDER THE PROVISIONS OF SUBSECTIONS
35-39 THAT THE APPLICANT IS NOT GUILTY OF VIOLATING
ANY PROVISIONS OF THIS SECTION. A AN ORIGINAL AP-
PLICATION FOR LICENSE MAY BE REFUSED UNTIL THE
COMMISSIONER IS SATISFIED UNDER THE PROVISIONS OF
SUBSECTIONS 35-39 THAT THE APPLICANT IS NOT GUILTY
OF VIOLATING ANY PROVISIONS OF THIS SECTION. A license
duly issued may be suspended or revoked or the renewal thereof
refused by the Commissioner if he finds, after notice and hearing in
accordance with the provisions of sections 35-39, that the applicant
for, or holder of such license:

(1)   Has wilfully violated any provision of this article or of any
other law of this State relating to insurance as herein defined, or
relating to another type of insurance; or

(2)   Has intentionally misrepresented or concealed any material
fact in the application for such license; or

(3)   Has obtained, or attempted to obtain, such license by misrep-
resentation, concealment or other fraud; or

(4)  Has misappropriated, converted or unlawfully withheld money
belonging to an insurer, agent, broker, solicitor, beneficiary, or an
insured; or

(5)   Has wilfully and materially misrepresented the provisions of
an insurance policy; or

(6)   Has committed fraudulent or dishonest practices in the busi-
ness of insurance; or

(7)   Has been convicted by final judgment in any State or Federal
court of a crime involving moral turpitude; or

(8)   Has knowingly participated in the writing or issuance of
substantial over-insurance of any property insurance risk; or