1074                           LAWS OF MARYLAND                      [CH. 553

proved by the Commissioner. All forms of statements, receipts, con-
tracts, agreements or other forms to be used in connection therewith
by any insurance adviser licensed hereunder, shall be filed with the
Commissioner and approved by him as conforming to the require-
ments of this section and not inconsistent with law, and not mislead-
ing in any way. The Commissioner may disapprove any such form if
he finds that the same contains any provision or has any title, heading,
backing, or other indication of the contents of any or all of its pro-
visions, which is likely to be misleading, or if he finds that the same
omits any provision which in the discretion of the Commissioner is
required to make any such form clear and not misleading.

(1) Statement specifying advice given.

An insurance advisor, licensed under this section who furnishes
any advice, makes any recommendation or gives any information as
such advisor shall in every case give to the recipient thereof a signed
statement in writing, in a form currently approved by the Commis-
sioner, specifying the advice, recommendation or information given,
and a receipt, in a form currently approved by the Commissioner,
for the fee paid by such recipient on his behalf, or a statement, in a
form currently approved by the Commissioner, of the fee to be paid
therefor.

(m) (L) Suspension or revocation of certificate.

The Commissioner may suspend or revoke any insurance adviser's
license if after giving notice and hearing to the licensee named in
such license, he determines that the licensee named in such license,
(1) has violated any provision of this article, or has violated any
law in the course of his dealings as an insurance adviser; or (2)
has made a material misstatement in the application for such license;
or (3) has been guilty of fraudulent or dishonest practices; or (4)
has demonstrated his incompetency or untrustworthiness to act as
as insurance adviser. Any licensed insurance adviser or any person
aggrieved may file with the Commissioner a verified complaint set-
ting forth facts showing sufficient grounds for the suspension or
revocation of any insurance adviser's license. Upon the filing of such
complaint, the Commissioner shall, after notice and hearing, deter-
mine whether such license shall be suspended or revoked.

(n) (M) Effect of revocation of license.

No person whose license has been so revoked shall be entitled to
any license or renewal license under this section, for a period of one
year after such revocation, or if such revocation be judicially re-
viewed, for one year after the final determination of such judicial
proceeding confirming the action of the Commissioner in revoking
such license.

(o) (N) Notice of rejection of application or suspension or revo-
cation of license.

If an application for a license under this section be refused, or
if any such license be suspended or revoked by the Commissioner,
he shall forthwith give notice to the applicant, or to the licensee, as
the case may be, by registered or certified mail addressed to his last
address of record with the Commissioner.

(p) (O) Licensees are insurance advisers.

Licensees under this section shall be known as insurance advisers.