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Session Laws, 1941
Volume 582, Page 1109   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1109

give to the recipient thereof a signed statement in writing,
in a form currently approved by the Commissioner, specifying
the advice, recommendation or information given, and a re-
ceipt, in a form currently approved by the Commissioner, for
the fee paid by such recipient or on his behalf, or a statement,
in a form currently approved by the Commissioner, of the fee
to be paid therefor.

(13) The Commissioner may suspend or revoke any insur-
ance adviser's license if after giving notice and hearing to the
licensee named in such license, he determines that the licensee
named in such license, (a) has violated any provision of the in-
surance law, or has violate any law in the course of his deal-
ings as an insurance adviser; or (b) has made a material mis-
statement in the application for such license; or (c) has been
guilty of fraudulent or dishonest practices; or (d) has demon-
strated his incompetency or untrustworthiness to act as an in-
surance adviser. Any licensed insurance adviser or any per-
son aggrieved may file with the Commissioner a verified com-
plaint setting forth facts showing sufficient grounds for the
suspension or revocation of any insurance adviser's license.
Upon the filing of such complaint, the Commissioner shall,
after notice and hearing as hereinbefore provided, determine
whether such license shall be suspended or revoked.

(14) No person whose license has been so revoked shall be
entitled to any license or renewal license, in any license or re-
newal license under this Section, for a period of one year after
such revocation, or if such revocation be judicially reviewed,
for one year after the final determination of such judicial pro-
ceeding confirming the action of the Commissioner in revoking
such license.

(15) If an application for a license under this Section be
rejected, or if any such license be suspended or revoked by the
Commissioner, he shall forthwith give notice to the applicant,
or to the licensee, as the case may be, by registered mail
addressed to his last known address.

(16) The action of the Commissioner in issuing o refusing
to issue or in refusing to renew an insurance adviser's license,
or in suspending or revoking or in refusing to suspend or re-
voke such a license, shall be subject to review by the Superior
Court of Baltimore City at the instance of the applicant for
such license, or of the licensee under any license suspended or
revoked, as the case may be, or of any person aggrieved
thereby.

(17) Licensees under this Act shall be known as Insurance
Advisers.

(18) Should and section or part of a section of this Act be
held to be invalid for any reason, such holding shall not be
construed as affecting the validity of any of the remaining

 

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Session Laws, 1941
Volume 582, Page 1109   View pdf image (33K)   << PREVIOUS  NEXT >>


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