Ch. 239                                    1996 LAWS OF MARYLAND

(ii) 1. A surety bond; or
2. A letter of credit.
173A.

(c)     Notwithstanding any other provision of this subtitle:

(1)     The bonding requirements of this subtitle relating to title insurance
agents and title insurance brokers do not apply to law firms and individual attorneys
practicing law in law firms;

(2)     The [corporate] LIMITED LIABILITY COMPANY, CORPORATE, and
partnership requirements of this subtitle relating to title insurance agents and title
insurance brokers do not apply to law firms; and

(3)     The education, experience, and examination requirements of this
subtitle relating to title insurance agents and title insurance brokers do not apply to
individual attorneys or law firms.

175. ;

(b) Subject to the hearing provisions of §§ 35 through 39 of this article, the
Commissioner may [suspend or revoke] DENY, REFUSE TO RENEW, SUSPEND, OR
REVOKE the certificate of qualification of a LIMITED LIABILITY COMPANY,
[ corporation] CORPORATION, or partnership for any violation of this subtitle by IF AN
INDIVIDUAL WHO HAS DIRECT CONTROL OVER ITS FISCAL MANAGEMENT OR an
agent, broker, director, officer, [or partner] PARTNER, MEMBER, MANAGER, OWNER,
OR EMPLOYEE of a LIMITED LIABILITY COMPANY, A [ partnership] PARTNERSHIP, or
a corporation HAS:

(1) VIOLATED ANY PROVISION OF THIS SUBTITLE:

(2) BEEN CONVICTED OF A FELONY. A CRIME OF MORAL TURPITUDE,
OR ANY CRIMINAL OFFENSE INVOLVING DISHONESTY OR BREACH OF TRUST: OR

(3) HAD ANY PROFESSIONAL LICENSE SUSPENDED OR REVOKED FOR A
FRAUDULENT OR DISHONEST PRACTICE.

SECTION 2. AND BE IT. FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Insurance

10-103.

(d)     Before a [partnership] LIMITED LIABILITY COMPANY, PARTNERSHIP, or
corporation may accept in its own name compensation for acting as an agent or broker in
the State, the [partnership] LIMITED LIABILITY COMPANY, PARTNERSHIP, or
corporation must obtain:

(1) a certificate of qualification in the kind or subdivision of insurance for
which the [partnership] LIMITED LIABILITY COMPANY, PARTNERSHIP, or corporation
intends to act as an agent or broker; and

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