1038                             Laws of Maryland                      [Ch. 473

4. Issuance or refusal of certificate of authority—renewal.

(a)  Within a reasonable time after an application for a certificate
of authority is filed, the Commissioner shall issue a certificate to the
applicant unless:

(1)  the applicant has not met all of the requirements of this
Article; or

(2)  the applicant does not, in the judgment of the Commissioner,
have sufficient financial responsibility to engage in business as a
motor club; or

(3)  the applicant has failed to make a reasonable showing that all
of its owners, managers, officers, directors, or representatives are
persons of reliability and integrity.

(b)  If the Commissioner refuses to issue the certificate of author-
ity he shall notify the applicant as soon as practicable of the reason
for Ms refusal to issue a certificate of authority and inform the
applicant of its right to a hearing on the matter as provided in
Section 6 hereof.

(c)  All certificates of authority issued hereunder and all renewals
thereof shall expire on August DECEMBER 31 following such issu-
ance or renewal. Renewal of all certificates not previously revoked or
suspended shall be upon written application in such forms as are
provided by the Commissioner and shall contain such information as
prescribed by him including a financial statement as required under
Section 3 (b) (3) hereof.

5. Powers of the Commissioner.

(a)  The Commissioner shall have the same powers and authority
under this Article to conduct investigations and to conduct examina-
tions of books, records and accounts at the expense of the person so
examined, as vested in him with respect to insurers under Article
48A of this Code.

(b)  In addition, the Commissioner shall have the power:

(1)   To investigate possible violations of this Article and to sub-
poena such persons and documents as he may deem appropriate in
connection therewith;

(2)   To suspend or revoke any certificate issued under this Article
upon finding, after notice and opportunity for hearing: (i) that the
licensee has violated any of the provisions of this Article; (ii) that
it has failed to maintain the standards required for the issuance
of an original license, as specified herein; (iii) that it is insolvent;
(iv) that its liabilities exceed its assets; (v) that it has engaged in
one or more fraudulent or deceptive acts; or (vi) that it has entered
into a service contract the form of which has not been approved by
the Commissioner;

(3) To require any licensee to cease doing business through any
particular representative upon finding, after notice and opportunity
for hearing, that such representative has intentionally or negligently
made false or misleading statements concerning the services offered
by the licensee represented by him;