292                             LAWS OF MARYLAND                     [CH. 269

(i) On December 31, 1963; or

(ii) At the time he was inducted in the armed forces of the
United States.

The requirements of subsections (1) and (2) of this section shall
not apply to qualification for title insurance as to persons who are
attorneys at law.

No examination shall be required of an applicant for a renewal
license.

At the discretion of the Commissioner the requirements of sub-
sections (1) and (2) of this section shall not apply to qualification
for property, casualty, surety and marine insurance as to persons
who have been conferred the Chartered Property Casualty Under-
writer (C.P.C.U.) designation by The American Institute of Prop-
erty and Liability Underwriters, Inc., and are members, in good
standing, of The Society of Chartered Property and Casualty Under-
writers.

178.

Individual applicants for qualification as to life insurance, health
insurance or annuities shall be required to comply with the require-
ments of this section.

(1)    Each applicant shall be required to submit to a personal
written examination to determine his competence with respect to
life insurance, health insurance or annuities, and his familiarity
with the pertinent provisions of the laws of this State, and shall
pass the same to the satisfaction of the Commissioner.

(2)   An applicant for a renewal license,

(i) Who held a license as a life and/or health insurance agent in
force on June 1, 1963, or

(ii) Any individual who was so qualified at the time he was in-
ducted or enlisted in the armed forces of the United States, shall not
be required to submit to such an examination for qualification as the
same kind or kinds of insurance.

(iii) Nor shall the written examination provided for in this
section be required of an applicant for a license to act as a life
insurance agent for an insurance company if at least 80% of the
premiums received by such company during the calendar year pre-
ceding the date of application were paid on policies which stipulate
payment of premiums on a weekly basis; nor an applicant who
shall act under a restricted license as an agent only with respect to
selling credit life and/or credit accident and health insurance to a
borrower of money or a purchaser of goods in connection with a
specific loan or credit transaction.

(iv) At the discretion of the Commissioner the written exami-
nation provided for in this section shall not be required of an
applicant for a license who has been conferred the Chartered Life
Underwriter (C.L.U.) designation by The American College of Life
Underwriters and who is a member, in good standing, of The Ameri-
can Society of Chartered Life Underwriters.