3660

LAWS OF MARYLAND

Ch. 778

OF AGENT CONTRACT SHALL APPLY FOR A CERTIFICATE OF QUALIFICATION
ON THE EARLIER OF THE DATE OF OBTAINING THAT AGENT'S FIRST AGENT
CONTRACT, OR THE DATE SPECIFIED IN SUBPARAGRAPH (III) OF THIS
PARAGRAPH.

(III) A PERSON MAY NOT OBTAIN A CERTIFICATE OF
QUALIFICATION BASED ON PRE-JULY 1, 1985 QUALIFICATIONS AFTER JUNE
30, 1987.

(E) (1) A PARTNERSHIP OR CORPORATION MAY NOT ACCEPT IN ITS
OWN NAME COMMISSIONS, FEES, OR OTHER COMPENSATION FOR ACTING AS
AN AGENT OR BROKER UNLESS IT POSSESSES A CERTIFICATE OF
QUALIFICATION FOR THE PARTICULAR KIND OR KINDS OF INSURANCE OR
SUBDIVISIONS THEREOF FOR WHICH IT ACTS AS AGENT OR BROKER AND AN
APPOINTMENT FOR THE KIND OR KINDS OF INSURANCE OR SUBDIVISIONS
THEREOF FOR WHICH IT ACTS AS AGENT OR BROKER.

(2)  TO OBTAIN A CERTIFICATE OF QUALIFICATION, A
PARTNERSHIP OR CORPORATION MUST:

(I)  BE PRIMARILY ENGAGED IN THE INSURANCE
BUSINESS;

(II)  FILE THE APPROPRIATE FORM AS ADOPTED BY
THE COMMISSIONER; AND

(III)  PAY THE FEE SET FORTH IN § 41 OF THIS
ARTICLE.

(3)  AGENTS OR BROKERS MAY CONDUCT INSURANCE BUSINESS
AFFAIRS AS A PARTNERSHIP OR A CORPORATION PROVIDED THAT EVERY
INDIVIDUAL WHO SOLICITS, NEGOTIATES, OR ACCEPTS INSURANCE
BUSINESS FROM THE PUBLIC SHALL POSSESS A CERTIFICATE OF
QUALIFICATION AND, IF APPLICABLE, AN APPOINTMENT FOR THE KIND OR
KINDS OF INSURANCE OR SUBDIVISIONS THEREOF FOR WHICH THE PERSON
ACTS AS AGENT OR BROKER.

[(e)] (F) The Commissioner shall require, and every agent
and broker shall file with the Commissioner, in such form as he
may direct, WITH THE FEE PRESCRIBED IN § 41 OF THIS ARTICLE the
agency or trade names to be used and the business ADDRESS AND THE
NAME and residence addresses of each individual [licensee, and
every agent or broker shall promptly notify the Commissioner of
any change in the agency or trade name or in his business or
residence address.] POSSESSING A CERTIFICATE OF QUALIFICATION WHO
DOES BUSINESS UNDER THAT AGENCY OR TRADE NAME.

(G) THE COMMISSIONER SHALL REQUIRE, AND EVERY AGENT AND
BROKER SHALL FILE WITH THE COMMISSIONER, IN SUCH FORM AS THE
COMMISSIONER DIRECTS, ANY CHANGE OR ADDITIONS TO OR DELETIONS
FROM THE CERTIFICATE OF QUALIFICATION, AND PAY THE FEE SPECIFIED
IN § 41 OF THIS ARTICLE FOR EACH CHANGE, ADDITION, OR DELETION.

169.