Ch. 36

1995 LAWS OF MARYLAND

(4)     THE AGREEMENT PLAINLY STATES THE AMOUNT OF THE FEE PAID
OR TO BE PAID BY THE PERSON AND THE SERVICES TO BE PERFORMED BY THE
ADVISER; AND

(5)     THE AGREEMENT IS IN THE FORM THAT THE COMMISSIONER
CURRENTLY APPROVES.

(B) APPROVAL OF FORMS.

(1)     ALL FORMS OF STATEMENTS, RECEIPTS, AND AGREEMENTS USED BY
LICENSEES MUST BE FILED WITH AND APPROVED BY THE COMMISSIONER AS:

(I)      CONFORMING TO THE REQUIREMENTS OF THIS SECTION;

(II)     NOT INCONSISTENT WITH LAW; AND

(III)   NOT MISLEADING IN ANY WAY.

(2)     THE COMMISSIONER MAY DISAPPROVE A FORM IF THE
COMMISSIONER FINDS THAT THE FORM:

(I)      CONTAINS ANY PROVISION OR ANY TITLE, HEADING, BACKING,
OR OTHER INDICATION OF ITS CONTENTS THAT IS LIKELY TO BE MISLEADING; OR

(II)     OMITS ANY PROVISION THAT THE COMMISSIONER REQUIRES
TO MAKE THE FORM CLEAR AND NOT MISLEADING.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 182(k).

Throughout this section, the former references to a "contract" are deleted as
included in the references to an "agreement".

In the introductory language of subsection (a) of this section, the former word
"recommendations" is deleted as unnecessary in light of the word "advice".

In subsection (b)(1) of this section, the former phrase "other forms to be used
in connection therewith" is deleted as surplusage.

Defined terms: "Adviser" § 10-201
"Commissioner" § 1-101
"Person" § 1-101

GENERAL REVISOR'S NOTE TO SUBTITLE:

Former Art. 48A, § 182(o), which provided that licensees under former § 182 shall
be known as insurance advisers, is deleted as misleading. In this subtitle, the term
"licensee" is used to denote those who hold a license under this subtitle and the term
"adviser" is used to denote those who act as insurance advisers, whether licensed or not.

- 1258 -