HARRY HUGHES, Governor 1199
FOR the purpose of clarifying that the Insurance
Commissioner may issue certain limited agents'
licenses, and that an applicant for these licenses
shall satisfactorily pass a written examination limited
to the subject matter for which the license is issued ;
providing for persons who are exempt from the taking of
the examination; and making this Act an emergency
measure.
BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 177 and 178(1)
Annotated Code of Maryland
(1979 Replacement Volume and 1979 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be repealed, amended, or enacted to read as follows: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
177.
Individual applicants for qualification as to kinds of
insurance other than life and health insurance and annuities
shall be required to comply with the requirements of this
section, as follows:
(1) (i) The applicant must successfully complete
a program of studies, offered by schools, insurance company
schools, or correspondence schools, which program of studies
has been established or approved by the Commissioner, to the
end that the applicant shall be reasonably familiar with the
specific kind or kinds of insurance OR SUBDIVISIONS OF THEM,
for which he desires to be qualified; or
(ii) He must have been regularly employed
AS AN EMPLOYEE OF THE INSURANCE DIVISION, OR by an insurer
or an agent or broker, for a period or periods aggregating
not less than one year during the three years next preceding
the date of application in responsible insurance duties in
connection with the specific kind or kinds of insurance OR
SUBDIVISIONS OF THEM for which he desires to be qualified,
and, in such case, such applicant shall submit with his
application the affidavit of such employer or employers
stating facts which show compliance with this requirement;
or
(iii) He must have been regularly employed
by an insurer or an agent or a broker for a period or
periods aggregating not less than one year during the three
years next preceding the date of entrance into the service
of the armed forces of the United States or immediately
following his discharge therefrom in connection with the
specific kind or kinds of insurance OR SUBDIVISIONS OF THEM
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