J. MILLARD TAWES, GOVERNOR                             877

additional fee per agent required by this sub-title, provided, however,
that a licensee having more than one place of business shall not be
required to file more than one bond or deposit securities in lieu of
more than one such bond.

(c) When a licensee shall wish to change his place of business
other than that originally set forth in his license, he shall give
written notice thereof to the Commissioner, and if the change is
approved, the Commissioner shall amend the location on the original
license accordingly.

217.    (Renewal.) Every licensee shall on or before the first day
of December pay to the Commissioner the sum of $100.00 as an
annual license fee for the next succeeding calendar year, and shall
at the same time file with the office of the Commissioner the annual
bond, or deposit securities in lieu of such bond, in the amount and of
the same nature and character as heretofore required at the time of
the issuance of the initial license. Said licensee shall also pay on or
before the first day of December of each year an additional fee of
$5.00 for every agent certified by him to the Commissioner as repre-
senting the applicant in carrying on the business provided in the
applicant's license, provided, however, that no licensee shall be re-
quired to pay in any one year for a license hereunder an aggregate
amount of more than $500.00 for its designated place of business,
together with the additional fees for said licensee's AGENTS or sub-
agents.

218.    (Revocation; Surrender; Notice.) (a) The Commissioner
may upon 20 days' notice to the licensee by mail directed to the
licensee at the address set forth in the license, stating the contem-
plated action and in general the grounds therefor, and upon reason-
able opportunity to the licensee to be heard prior to such action,
revoke any license issued hereunder.

(b) A licensee may surrender any license by delivering to the
Commissioner written notice that said licensee desires to surrender
such license, but such surrender shall not affect under any circum-
stances such licensee's civil or criminal liability for acts committed
prior to such surrender, or affect said licensee's bond, or entitle such
licensee to a return of any part of the annual license fee or agent's
fee.

219.    (Annual Report; Investigation.) (a) Every licensee shall
annually on or before the first day of February file a report with the
Commissioner giving such relevant information as the Commissioner
may reasonably require concerning the business of the licensee for
which said licensee has been licensed herein for the preceding calen-
dar year. Such report shall be made under oath and shall be in the
form prescribed by the office of the Commissioner.

(b) For the purpose of discovering violations of this sub-title or
of securing information lawfully required hereunder, the Commis-
sioner or his duly authorized representative may at any time in-
vestigate the business and examine the books, accounts, papers and
records used therein, of (1) any licensee, (2) any other person en-
gaged in the business described in this sub-title or participating in
such business as principal, agent, sub-agent or otherwise, and (3)
any person whom the Commissioner has reasonable cause to believe
is violating any provision of this sub-title, whether or not such person