J. MILLARD TAWES, Governor                      293

(3) The Commissioner shall establish reasonable rules and regu-
lations with respect to the scope, type, conduct and grading of such
written examinations and the times and places within this State
where they shall be held; provided, that applicants shall be per-
mitted to take such examinations at least once in each week at the
principal office of the Commissioner, and provided further that such
examinations shall be offered at least once in each month at a loca-
tion on the Eastern Shore of Maryland and once each month at a
location on the Western Shore of Maryland (other than Baltimore
City), such locations to be selected by the Commissioner; and all
examinations must be graded within thirty days following the date
of the examination.

Any person who shall have taken and failed to pass any such
examination shall not be entitled to take any further examination,
until fourteen (14) days after the date of the last examination in
which he failed. Any person shall be entitled to take not more than
three examinations for an initial fee of $5.00. Any person requiring
more than three examinations shall pay an additional fee of $5.00
which shall entitle him to take three more examinations. Thereafter,
a fee of $5.00 shall be paid each time said examination shall be
taken.

182.
(d)

(1) The Commissioner may issue an insurance adviser's license
to any person, who is (A) a resident of this State, or who is a non-
resident licensed as an insurance adviser in the state of his resi-
dence, or (B) who is a member, in good standing, of either the
Society of Actuaries, or of the Casualty Actuarial Society, or of the
Conference of Actuaries in Public Practice, or (C) who has been
conferred the Chartered Property Casualty Underwriter (C.P.C.U.)
designation by The American Institute for Property and Liability
Underwriters, Inc., and who is a member, in good standing, of The
Society of Chartered Property and Casualty Underwriters, or (D)
who has been conferred the Chartered Life Underwriters UNDER-
WRITER (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. The licensee must be
trustworthy and competent to act as an insurance adviser in such
manner as not to jeopardize the public interest, and must have com-
plied with the prerequisites herein prescribed.

(f) The Commissioner shall, in order to determine the trust-
worthiness and competency to act as an insurance adviser of each
individual applicant, other than an applicant who is a member in
good standing of one of the actuarial organizations or professional
societies specified in subsection (d), require every such individual
to take and pass, to the satisfaction of the Commissioner, a personal
written examination. An examination fee of $10.00 shall be charged.
The Commissioner shall satisfy himself as to the trustworthiness of
each individual applicant for such license who shall be a member in
good standing of one of the actuarial organizations or professional
societies specified in subsection (d). In the case of application for
renewal license, such examination shall not be required, unless the
Commissioner determines that an examination is advisable in order
to determine the trustworthiness or competency of such individual.