BLAIR LEE III, Acting Governor                        1311

word "industrial" or "wholesale" when applicable, (2) how
long premiums are to be paid, (3) if and when the premium
(other than for any supplementary agreement) changes, (4) if
the benefit is not level, so indicate by the use of "graded
benefit" or words of similar import, (5) whether the policy
is participating or nonparticipating, (6) if the policy is
written on a rated underwriting basis, the words ["special
premium"] "SUBSTANDARD CLASS" or "rated class" or
substantially similar words and (7) if the policy provides
for return of premiums as an additional benefit, the period
during which such benefit is applicable.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 2, 1978.

CHAPTER 259

(Senate Bill 633)

AN ACT concerning

Insurance — Examination Fees

FOR the purpose  of increasing the examination fees payable

to the State  Insurance Commissioner by applicants for

an insurance  adviser's license and an insurance agent's
license.

BY repealing and reenacting, with amendments,

Article 48A — Insurance Code

Section 182(f) and 344E(3)

Annotated Code of Maryland

(1972 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 48A — Insurance Code

182.

(f) The Commissioner shall, in order to determine the
trustworthiness and competency to act as an insurance
adviser of each individual applicant, other than an
applicant who is a member in good standing of one of the
actuarial organizations or professional societies specified
in subsection (d), require every such individual to take and
pass, to the satisfaction of the Commissioner, a personal