3674

LAWS OF MARYLAND

Ch. 778

(6) If the application for a renewal [license] shall have
been filed with the Commissioner on or before June [30,] 30 OF AN
ODD-NUMBERED YEAR, such applicant named in such existing
[license,] CERTIFICATE, may continue to act as insurance agent
under such existing [license,] CERTIFICATE, unless same shall be
revoked or suspended, until the issuance by the Commissioner of
the renewal [license.] CERTIFICATE.

[(7) Any such renewal license of an insurance agent may be
issued upon the application of the society named in the existing
license. Such application shall be in the form or forms
prescribed by the Commissioner and shall contain such information
as he may require.]

344F.

Every society doing business in this State shall, upon the
APPOINTMENT OR termination of the appointment of any insurance
agent [licensed to represent it in this State, forthwith]
IMMEDIATELY file A WRITTEN NOTICE OF APPOINTMENT OR TERMINATION
with the [Commissioner a statement, in such form as he may
prescribe, of the facts relative to such termination and the
cause thereof.] COMMISSIONER. IN THE CASE OF TERMINATION THE
COMMISSIONER MAY REQUIRE SOCIETIES TO FILE A STATEMENT OF FACTS
RELATIVE TO THE TERMINATION AND THE DATE AND CAUSE THEREOF.
Every statement made [pursuant to] UNDER this section shall be
deemed a privileged communication. THE FEE FOR AN APPOINTMENT OR
A TERMINATION SHALL BE AS PROVIDED IN § 41 OF THIS ARTICLE.

344G.

(1) The Commissioner may revoke, or may suspend for such
period as he may determine, any insurance agent's [license]
CERTIFICATE if, after notice and hearing as specified in Sections
35 through 39 of this article, he determines that the [licensee:]
PERSON:

(b) Has intentionally misrepresented or concealed any
material fact in the application for such [license] CERTIFICATE
OF QUALIFICATION; or

(p) Has intentionally or wilfully made or issued, or
caused to be made or issued, any statement materially
misrepresenting or making incomplete comparisons regarding the
terms or conditions of any policy or contract issued by any
authorized insurer, for the purpose of inducing or attempting to
induce the owner of such policy or contract to forfeit or
surrender such contract or allow it to lapse for the purpose of
replacing such policy or contract with [another.] ANOTHER; OR

(Q) HAS NOT HELD AN APPOINTMENT WITH A LICENSED
FRATERNAL BENEFIT SOCIETY FOR MORE THAN 2 YEARS FROM THE DATE OF
RENEWAL.