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Session Laws, 1996
Volume 794, Page 2535   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 369

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.]

(F)     (1) FOR ANY APPLICATION FOR AN INSURANCE ADVISER'S LICENSE,
THE COMMISSIONER SHALL SATISFY HIMSELF OF THE TRUSTWORTHINESS AND
COMPETENCE OF THE APPLICANT TO ACT AS AN INSURANCE ADVISER IN THIS
STATE

(2)      (I) IN ORDER TO DETERMINE THE TRUSTWORTHINESS AND
COMPETENCE OF ANY APPLICANT DESCRIBED IN SUBSECTION (D)(2)(I) OF THIS
SECTION TO ACT AS AN INSURANCE ADVISER, THE COMMISSIONER SHALL REQUIRE
THAT THE APPLICANT TAKE AND PASS, TO THE SATISFACTION OF THE
COMMISSIONER, AN EXAMINATION.

(II) IN THE CASE OF AN APPLICATION FOR A RENEWAL LICENSE,
AN EXAMINATION IS NOT REQUIRED UNLESS THE COMMISSIONER DETERMINES
THAT AN EXAMINATION IS ADVISABLE IN ORDER TO DETERMINE THE
TRUSTWORTHINESS AND COMPETENCE OF THE LICENSEE SEEKING THE RENEWAL

(3)     IN THE CASE OF A NONRESIDENT APPLICANT, THE COMMISSIONER
SHALL BE SATISFIED AS TO THE TRUSTWORTHINESS AND COMPETENCE OF THE
APPLICANT UPON THE HUNG OF A CERTIFICATION FROM AN APPROPRIATE
OFFICIAL OF THE APPLICANTS STATE OF RESIDENCE CERTIFYING THAT THE
APPLICANT HOLDS A CURRENTLY VALID LICENSE OR CERTIFICATE TO ACT AS AN
INSURANCE ADVISER IN THE APPLICANTS STATE OF RESIDENCE.

[(g) At the time of application for every such license and for every annual renewal
thereof, there shall be paid to the Commissioner by each individual applicant, other than
an applicant to whom a license is issued because of his membership, in good standing, of
one of the actuarial organizations specified in subsection (d) of this section, the fee
prescribed in § 41; provided, however, that if such applicant is a nonresident licensed as
an insurance adviser in the state of his residence the fee for such license and renewals
thereof shall be the same as the fees payable in the applicant's state of residence, but such
licensed adviser shall not advise as to life and health insurance.]

(G)    (1) (I) PRIOR TO TAKING AN EXAMINATION, AN APPLICANT SHALL
PAY THE APPLICATION FEE PRESCRIBED UNDER § 41(4)(VII) OF THIS ARTICLE.

(II) ONCE AN APPLICANT HAS BEEN NOTIFIED THAT THE
APPLICANT HAS PASSED THE EXAMINATION REQUIRED UNDER THIS SECTION, THE
APPLICANT SHALL SUBMIT THE APPLICABLE LICENSE FEE PRESCRIBED IN § 41(8)(I)
OR (II) OF THIS ARTICLE

(2)     A PERSON NOT REQUIRED TO TAKE AN EXAMINATION SHALL PAY
THE APPLICABLE LICENSE FEE PRESCRIBED IN § 41(8)(I) OR (II) OF THIS ARTICLE

(3)     TO RENEW AN INSURANCE ADVISER'S LICENSE A LICENSEE SHALL
SUBMIT TO THE COMMISSIONER:

- 2535 -

 

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Session Laws, 1996
Volume 794, Page 2535   View pdf image
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