J. MILLARD TAWES, GOVERNOR                            195

license as an agent only with respect to selling decreasing term in-
surance in connection with the purchase of investments.

(iii) In the discretion of the Insurance Commissioner, an appli-
cant whose license to do business or act as a life insurance agent
in this State was suspended less than one year prior to the date of
application.

(iv) Any licensed life insurance agent, who had a license issued
by the State of Maryland as a life insurance agent, in force on
June 30, 1958, or any person who at the time he was inducted or
enlisted in the Armed Forces of the United States held a license then
in force as a life insurance agent, shall not be required to submit
to such an examination for a license to sell the same class of in-
surance for which he then had a license, nor shall an examination be
required for the renewal of any licenses, or for additional licenses
covering the same class of insurance, except in cases where the
license has been suspended or revoked as in this section provided,
in which event the Commissioner may in his discretion require the
applicant to pass an examination before reinstatement or reissuance
of license.

(v) An applicant for a license to act as a life insurance agent
for an insurance company if at least 90% of the premiums re-
ceived by such company during the calendar year preceding the
date of application were paid on policies which stipulate payment of
premiums on a weekly basis.

(vi) An applicant for a life insurance agent's license whose com-
pany certifies to the Commissioner that he has successfully com-
pleted an agent's training course given by his company and which
is considered by the Commissioner to be reasonably adequate to
assure that he is qualified.

(vii) If the Commissioner is satisfied from the application and
references furnished with the agent's application for a license, that
he will sell only insurance on which premiums are payable monthly
or more often, no examination of the agent shall be required.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved March 23, 1961.

CHAPTER 203
(House Bill 404)

AN ACT to repeal and re-enact, with amendments, Section 37 (v)
of Article 87 of the Annotated Code of Maryland (1957 Edition),
title "Sheriff" "SHERIFFS", sub-title "Compensation and Duties",

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.