1342                        LAWS OF MARYLAND.                  [CH. 530

that effect, and upon request from such applicant filed within,
ten days after receipt of such notice, the Commissioner shall
fix a time and place for hearing, of which ten days' notice shall
be given to such applicant, at which hearing the applicant may
offer such information and evidence relating to its application
as it may deem proper. If satisfied as aforesaid, as a result of
said hearing, the Commissioner shall thereupon issue a license,
but if the Commissioner is not satisfied, as aforesaid, then he
shall refuse such license.

186.     Revocation of Licenses. The Commissioner may
revoke any license at any time or refuse a renewal thereof
when conditions arise which, in his judgment, show that the
affairs of the company are not being conducted in accordance
with law, and especially with the provisions of this sub-title, or
are not being conducted in such a manner as to afford proper
protection to the holders of its contracts theretofore or there-
after entered into. Before revoking any license or before
refusing to renew any license the Commissioner shall give
notice in writing to the company, and such company shall
have ten days or such longer period as the Commissioner may
deem advisable within which to furnish evidence or proof to
the Commissioner that said license should not be revoked or
should be renewed. If satisfied that said license should not be
revoked or should be renewed the Commissioner shall so advise
the company, but if after said hearing the Commissioner is
still of the opinion that said license should be revoked or should
not be renewed for the reasons stated by him, then he shall,
notify such company by writing to that effect.

187.     Right of Appeal. Any company claiming to be
aggrieved because of any final action taken, by the Commis-
sioner in refusing a license or in refusing to renew any license
or in revoking a license, of said company, may appeal to the
Circuit Court of any county sitting in equity, or the Circuit
Court or Circuit Court No. 2 of Baltimore City, in which
the company resides or is doing business, or in which the
office of the Commissioner may be situated. All such appeals
should be upon the record of proceedings before the Commis-
sioner certified to the Court by the said Commissioner, includ-
ing a statement of all facts considered by said Commissioner on
which his finding was based. Either side may introduce
additional testimony or other evidence in the Circuit Court..