922                                            LAWS OF MARYLAND                                      Ch. 210

(a)  Before any license is suspended or revoked, the
Secretary shall give the licensee at least 10 days' written
notice of the decision to suspend or revoke the license.

(b)  Any person aggrieved by a decision made under this
section may seek review of that decision under Subtitle 4 of
Title 2 of this article.

[13-209.] 13-210.

The grain [buyer's] DEALER'S license shall be posted in a
conspicuous place in the place of business.

[13-210.] 13-211.

(a)  Each person licensed under the provisions of this
subtitle shall insure and at all times keep insured, in his own
name or as a coinsurer, all of the grain in the actual, physical
control of the licensee.

(b)  The amount of the insurance shall be the fair market
value of the grain.

(c)  The insurance shall include coverage against loss or
damage by fire, lightning, inherent explosion, windstorm,
cyclone, tornado, or other act of God.

(d)  In the event of any loss or damage to grain or to the
warehouse or warehouses, whether or not the loss was insured
against, the grain [buyer] DEALER shall immediately notify the
Secretary, and -at the grain [buyer's] DEALER'S own expense
promptly take the steps necessary to collect any money which may
be due as indemnity for the loss or damage.

(E) UPON REQUEST OF THE SECRETARY, EACH PERSON LICENSED
UNDER THIS SUBTITLE SHALL PROVIDE PROOF OF INSURANCE COVERAGE AS
REQUIRED BY THIS SECTION.

[13-211.] 13-212.

A license may not be issued or renewed under this subtitle
until the applicant has:

(1) (I) Filed with the Secretary a financial
statement that is reviewed by a certified public accountant
establishing that the applicant's grain business has a net worth
of at least $100,000;

[(2)] (II) Filed with the Secretary a letter from a
certified public accountant stating that a review of. the records
of the applicant's grain business shows a net worth of at least
$100,000; or

[(3)] (III) Posted a surety bond in the amount of
$100,000; AND