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Session Laws, 1955
Volume 620, Page 1031   View pdf image (33K)
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THEODORE R. McKELDIN, GOVERNOR                  1031

[See page image for strike-through]

SEC. 2. AND BE IT FURTHER ENACTED, THAT ON AND
AFTER THE EFFECTIVE DATE OF THIS ACT, NO POLICY
COMING UNDER THE GROUP LIFE INSURANCE CATEGORY
THAT DOES NOT COMPLY WITH THE REQUIREMENTS OF
THESE SECTIONS, SHALL BE DELIVERED, OR ISSUED FOR
DELIVERY, IN THIS STATE; PROVIDED, HOWEVER, THAT
IF A POLICY FORM COMING UNDER SUCH CATEGORY HAS
BEEN FILED AND LAWFULLY USED IN THIS STATE BE-
FORE SUCH EFFECTIVE DATE, THEN SUCH FORM MAY BE
USED IN THIS STATE DURING TWO YEARS FROM THE
EFFECTIVE DATE OF THIS ACT WITHOUT BEING SUBJECT
TO THE PROVISIONS OF SECTION 185B.

SEC. 3. AND BE IT FURTHER ENACTED, THAT THIS ACT
SHALL TAKE EFFECT JUNE 1, 1955.

Approved April 25, 1955.

CHAPTER 631
(House Bill 182)

AN ACT to repeal and re-enact, with amendments, Sub-section
219(b), Sections 221 and 224, Sub-section 228(a), Sections 229, 230,
231, 232, 233 and 238 of Article 56 of the Annotated Code of Mary-
land (1951 Edition), title "Licenses", sub-title "Real Estate Brok-
ers", to clarify relationship between real estate brokers and real
estate salesmen, to provide for two or more field inspectors and a
duly qualified attorney to represent the Commission at hearings
as provided for in this sub-title, to prevent automatic expiration of
licenses under certain conditions, to terminate licenses for failure
to renew bonds, to further define qualifications to obtain a license
under this sub-title, to authorize the Commission to refuse to
issue or renew licenses to certain criminals, clarify provisions re-
quiring licensees to post signs, to require active supervision of
the main office of all licensed real estate brokers by a licensed real
estate broker, to require licensed real estate brokers to give written
notice to the Commission whenever the services of a salesman is
terminated, RELATING TO THE FEES CHARGEABLE BY THE
COMMISSION FOR CERTAIN PURPOSES, to prevent misleading
advertising by licensees, to require licensees to furnish copies of
certain contracts to all parties thereto and retain a copy of such
contracts, to prohibit the acceptance of certain types of contracts
by licensees, to provide for notices by the Commission regarding
licenses suspended or revoked, to provide for publication and dis-

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.

 

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Session Laws, 1955
Volume 620, Page 1031   View pdf image (33K)
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