662 LAWS OP MARYLAND [CH. 263

(a) The superintendent, when satisfied from the examina-
tion of any application and such further inquiry and investi-
gations as he shall deem proper as to the good character, com-
petency and integrity of the applicant and the persons named
in the application, shall issue and deliver to the applicant a
license to conduct such business, and to own, conduct or main-
tain one or more bureaus, agencies, subagencies, offices or
branch offices for the conduct of such business at the location
stated in said application, together with as many copies of said
license as there are to be offices, bureaus, agencies, subagencies,
offices or branch offices, upon the payment by the applicant to
the superintendent of a license -fee which in the case of an in-
dividual shall be Seventy-five Dollars ($15. 00), and in the case
of a firm, association or corporation shall be One Hundred
and Fifty Dollars ($150. 00), and upon the application APPLI-
CANT executing and delivering to the superintendent a bond
to the State and which shall be for the benefit of any person in-
jured by wilful, malicious or wrongful act of the applicant,
with one or more sufficient sureties, which in the case of an in-
dividual shall be Three Thousand Dollars ($3, 000. 00), and in
the case of a firm, association or corporation Five Thousand
Dollars ($5, 000. 00), which said bond shall be conditioned for
the faithful and honest conduct of such business by the appli-
cant; PROVIDED, HOWEVER, THAT THE AGGREGATE
LIABILITY OF THE SURETY TO ALL PERSONS SO IN-
JURED SHALL, IN NO EVENT, EXCEED THE PENAL
SUM OF SAID BOND, AND IN THE EVENT SAID BOND
SHALL FOR ANY REASON WHATSOEVER BE CAN-
CELLED, FORFEITED OR TERMINATED BY THE
SURETY OR SURETIES, THEN IT SHALL BE THE DUTY
OF SAID SURETY OR SURETIES TO GIVE IMMEDIATE
NOTICE THEREOF TO THE SUPERINTENDENT; FAIL-
URE TO DO SO BY SAID SURETY OR SURETIES SHALL
CONTINUE THE SAID BOND IN FULL FORCE AND
EFFECT UNTIL SUCH NOTICE OF TERMINATION, FOR-
FEITURE OR CANCELLATION IS RECEIVED BY THE
SAID SUPERINTENDENT. The license so granted by the
superintendent shall be valid for a period of one year and shall
expire April 30 of each year, but shall be revocable by the
superintendent after hearing for cause. In case of revocation or
surrender of any license, no refund shall be made of any license
fee paid under the provisions hereof. The license shall set forth
the full name of the applicant, the location of the principal
office or place of business, and the location of each bureau,
agency, sub-agency, office or branch office for which the license
is issued, date on which it is issued, the date on which it will
expire, and the name or names of the persons named in
the application, and their respective addresses. In the event