1072                            LAWS OF MARYLAND                      [CH. 553

State acting within the course or scope of his profession, nor (4) to
any licensed public adjuster or public adjuster solicitor acting within
the scope of his license.

(d)   Qualifications for licenses; limited insurance adviser's license.

(1)   The Commissioner may issue an insurance adviser's license
to any person, who is (A) a resident of this State, or who is a non-
resident licensed as an insurance adviser in the state of his residence,
or (B) who is a member, in good standing, of either the Society of
Actuaries, or of the Casualty Actuarial Society, or of the Confer-
ence of Actuaries in Public Practice. The licensee must be trust-
worthy and competent to act as an insurance adviser in such manner
as not to jeopardize the public interest, and must have complied with
the prerequisites herein prescribed.

(2)   The Commissioner may issue a limited insurance adviser's
license restricting the authority of the licensee to an extent agreed
upon with said licensee. Said limitations shall be set forth in the
license. In all other respects, the granting of limited insurance
advisers' licenses shall be governed by the provisions relating to
insurance advisers as set out in this section.

(3)   NO LICENSE TO ACT AS AN INSURANCE ADVISER
MAY BE ISSUED TO OTHER THAN AN INDIVIDUAL. LICEN-
SEES MAY CONDUCT THEIR INSURANCE ADVISORY BUSI-
NESS AS A SOLE PROPRIETORSHIP, PARTNERSHIP, ASSOCI-
ATION, OR CORPORATION, PROVIDED THAT EVERY INDI-
VIDUAL WHO ACTS AS AN INSURANCE ADVISER SHALL BE
LICENSED IN ACCORDANCE WITH THE PROVISIONS OF
THIS SUBTITLE, PROVIDED THE TRADE NAME IS REGIS-
TERED WITH THE INSURANCE COMMISSIONER.

(e)   Application required.

Before any such license or any renewal thereof shall be issued by
the Commissioner there shall be filed in his office a written applica-
tion therefor. Such application shall be in the form or forms and
supplements thereto prescribed by the Commissioner and shall con-
tain such information as he may require.

(f)   Determination of trustworthiness and competence of appli-
cant.

The Commissioner shall, in order to determine the trustworthi-
ness and competency to act as an insurance adviser of each indi-
vidual applicant, other than an applicant who is a member in good
standing of one of the actuarial organizations specified in sub-
section (d), require every such individual to take and pass, to the
satisfaction of the Commissioner, a personal written examination.
An examination fee of $10.00 shall be charged. The Commissioner
shall satisfy himself as to the trustworthiness of each individual
applicant for such license who shall be a member in good standing
of one of the actuarial organizations specified in subsection (d). In
the case of application for renewal license, such examination shall
not be required, unless the Commissioner determines that an exami-
nation is advisable in order to determine the trustworthiness or com-
petency of such individual.

(g)   Fees.

At the time of application for every such license and for every