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2492 LAWS OF MARYLAND Ch. 575
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
CHAPTER 576
(House Bill 1628)
AN ACT concerning
Insurance Advisers - License Requirements
FOR the purpose of licensing certified insurance
counselors under certain circumstances.
BY repealing and reenacting, with amendments,
Article 48A — Insurance Code
Section 182(d)(1)
Annotated Code of Maryland
(1972 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 182(d)(1) of Article 48A -
Insurance Code, of the Annotated Code of Maryland (1972
Replacement Volume and 1976 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows:
Article 48A — Insurance Code
182.
(d) (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 nonresident 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 Conference of Actuaries in Public Practice, or (C)
who has been conferred the Chartered Property Casualty
Underwriter (C.P.C.U.) Designation by The American
Institute for Property and Liability Underwriters, Inc.,
and who is a member, in good standing, of The Society of
Chartered Property and Casualty Underwriters, [or] (D)
who has been conferred the Chartered Life Underwriter
(C.L.U.) Designation by The American College of Life
Underwriters and who is a member, in good standing, of
The American Society of Chartered Life Underwriters , OR
(E) TO ANY PERSON WHO HAS SUCCESSFULLY COMPLETED A COURSE
OF STUDY EQUIVALENT TO ANY COURSE OF STUDY REQUIRED FOR
MEMBERSHIP IN GOOD STANDING IN ANY OF THE SOCIETIES
LISTED IN PARAGRAPHS (B), (C), OR (C) AS APPROVED BY THE
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