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1071
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HARRY HUGHES, Governor
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 56 - Licenses
78.
(a) The Superintendent, when satisfied from the examination
of any application and such further inquiry and investigations as
he shall deem proper as to the good character, competency and
integrity of the applicant and the persons named in the
application, shall issue and deliver to the applicant a license
to conduct such business, and to own, conduct or maintain one or
more bureaus, agencies, subagencies, offices or branch offices
for the conduct of such business at the location stated in said
application, together with as many copies of said license as
there are to be offices, bureaus, agencies, subagencies, offices
or branch offices, upon the payment by the applicant to the
Superintendent of a license fee which in the case of an
individual shall be four hundred dollars ($400.00), and in the
case of a firm, association or corporation shall be seven hundred
fifty dollars ($750.00) and upon the applicant executing and
delivering to the Superintendent a bond to the State and which
shall be for the benefit of any person injured by wilful,
malicious or wrongful act of the applicant, with one or more
sufficient sureties, which in the case of an individual shall be
three thousand dollars ($3,000.00), and in the case of a firm,
association or corporation five thousand dollars ($5,000.00),
which said bond shall be conditioned for the faithful and honest
conduct of such business by the applicant; provided, however,
that the aggregate liability of the surety to all the persons so
injured shall, in no event, exceed the penal sum of said bond,
and in the event said bond shall for any reason whatsoever be
cancelled, forfeited, or terminated by the surety or sureties,
then it shall be the duty of said surety or sureties to give
immediate notice thereof to the Superintendent; failure to do so
by said surety or sureties shall continue the said bond in full
force and effect until such notice of termination, forfeiture or
cancellation is received by the said Superintendent. The license
so granted by the Superintendent shall be valid for a period of
one year and shall expire April 30 of each year, but shall be
revocable by the Superintendent after hearing for cause. The fee
for annual renewal of an individual license is two hundred
dollars ($200.00) and a firm, association or corporation license
is four hundred dollars ($400.00). In case of revocation or
surrender of any license, no refund shall be made of any license
fee paid under the provisions hereof. The license shall set
forth the full name of the applicant, the location of the
principal office or place of business, and the location of each
bureau, agency, subagency, office or branch office for which the
license is issued, date on which it is issued, the date on which
it will expire, and the name or names of the persons named in the
application, and their respective addresses. In the event of any
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