1786                                          LAWS OF MARYLAND                                     Ch. 163

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
change in the membership of the firm or in the officers or
directors of any association or corporation or any change in the
address of any office or location of such business the
Superintendent shall be notified in writing of such change within
five days thereafter, and failure to give such notification shall
be sufficient cause for revocation of such license.
Notwithstanding the above fees, costs paid by the Maryland State
Police in securing records from any other source shall be charged
to the applicant; however, the charges assessed against the
applicant may not exceed $12.

(2) (I) THE SUPERINTENDENT MAY NOT ISSUE A LICENSE TO
AN APPLICANT EMPLOYING 5 OR MORE WATCHMEN, GUARDS, PRIVATE
PATROLMEN, OR DETECTIVES UNLESS THAT APPLICANT MAINTAINS GENERAL
LIABILITY INSURANCE IN AN AMOUNT NOT LESS THAN $100,000.

(II)  A PERSON WHO IS LICENSED UNDER THIS
SECTION AND REQUIRED TO MAINTAIN INSURANCE UNDER SUBPARAGRAPH (I)
OF THIS PARAGRAPH AND THAT PERSON'S INSURER SHALL NOTIFY THE
SUPERINTENDENT IF THAT INSURANCE IS CANCELLED, FORFEITED, OR
OTHERWISE TERMINATED BY THAT PERSON OR THAT INSURER.

(III)  CANCELLATION, FORFEITURE, OR TERMINATION
OF A PERSON'S INSURANCE REQUIRED UNDER SUBPARAGRAPH (I) OF THIS
PARAGRAPH IS SUFFICIENT CAUSE FOR REVOCATION OF THAT PERSON'S
LICENSE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.