Ch. 11                                    LAWS OF MARYLAND

(3) The applicant has failed to make a reasonable
showing that all of its owners, managers, officers, directors, or
representatives are persons of reliability and integrity.

(b)  If the Commissioner refuses to issue the certificate of
authority he shall notify the applicant as soon as practicable of
the reason for his refusal to issue a certificate of authority
and inform the applicant of its right to a hearing on the matter
as provided in § 6 [hereof] OF THIS ARTICLE.

(c)  All certificates of authority issued hereunder and all
renewals thereof shall expire on December 31 following such
issuance or renewal. Renewal of all certificates not previously
revoked or suspended shall be upon written application in such
forms as are provided by the Commissioner and shall contain such
information as prescribed by him including a financial statement
as required under § 3(b) (3) [hereof] OF THIS ARTICLE.

DRAFTER'S NOTE: This corrects sytlistic errors in
cross-references and deletes an extraneous conjunction
in Article 48B, § 4.

The stylistic errors occurred in, and the extraneous
disjunctive conjunction, "or"', was contained in, Ch.
473 of the Acts of 1971.

The stylistic errors and the extraneous conjunction
were noted by the Michie Company.

8.

(a) Every licensee shall, through its proper officer or
agent, promptly notify the Commissioner in writing of the name,
title and address of each person it desires to appoint to act as
a representative in this State. Such written notice shall be
accompanied by an initial registration fee of five dollars. If
it appears to the Commissioner that the appointee is a suitable
and competent person of good moral character, intends to hold
himself or herself out in good faith as a representative and has
not previously been refused registration or had a registration
revoked pursuant to [subsection (b)] SUBSECTION (C) of this
section, and provided the appointee qualifies under the
provisions of this section, the Commissioner shall issue to such
appointee a registration certificate which shall state, in
substance, that the individual named therein is a registered
representative of such licensee in this State.

DRAFTER'S NOTE: This corrects an error in an internal
reference in Article 48B, § 8(a).

The error occurred in Ch. 473 of the Acts of 1971.

The error was noted by the Michie Company.

- 236 -