WILLIAM DONALD SCHAEFER, Governor                         Ch. 685

(4) IN ADDITION TO THE REQUIREMENTS OF PARAGRAPH (1) OF THIS
SUBSECTION, THE LICENSEE MUST BE TRUSTWORTHY AND COMPETENT TO ACT AS
AN INSURANCE ADVISER IN SUCH MANNER AS NOT TO JEOPARDIZE THE PUBLIC
INTEREST, AND MUST HAVE COMPLIED WITH THE PREREQUISITES HEREIN
PRESCRIBED.

(g) At the time of application for every such license and for every annual renewal
thereof, there shall be paid to the Commissioner by each individual applicant, other than
an applicant MEETING THE REQUIREMENTS OF [to whom a license is issued because of
his membership, in good standing, of one of the actuarial organizations specified in]
subsection (d) OF THIS SECTION, the fee prescribed in § 41; provided, however, that if
such applicant is a nonresident licensed as an insurance adviser in the state of his
residence the fee for such license and renewals thereof shall be the same as the fees
payable in the applicant's state of residence[, but such licensed adviser shall not advise as
to life and health insurance].

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1994.

Approved May 26, 1994.

CHAPTER 685
(House Bill 1511)

AN ACT concerning

Sales and Use Tax - Definitions

FOR the purpose of altering the definition of "production activity activity" under the
sales and use tax law" law; defining "'production machinery and or equipment"
under the sales and use tax law; providing for a delayed effective date; making this
Act subject to a certain contingency; and generally relating to the assessment of
sales and use tax.

BY renumbering

Article - Tax - General

Section 11-101(e) through (1), respectively

to be Section 11-101(f) through (m), respectively

Annotated Code of Maryland

(1988 Volume and 1993 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - General
Section 11-101(d)
Annotated Code of Maryland
(1988 Volume and 1993 Supplement)

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