PARRIS N. GLENDENING, Governor                             Ch. 369

182.

[(d) (1) The Commissioner may issue an insurance adviser's license to any
person, (A) who is a resident of this State, or who is a nonresident licensed as an
insurance adviser in that person's state of residence, and meets the requirements of
clause (B), (C), (D), (E), (F), or (G) of this paragraph as a person, (B) who is a member,
in good standing, of the Society of Actuaries, or of the Casualty Actuarial Society, or of
the Conference of Actuaries in Public Practice, or (C) who has been conferred the
Chartered Property Casualty Underwriter (C.P.C.U.) designation by The American
Institute for Property and Liability Underwriters, Inc., and who is a member, in good
standing, of The Society of Chartered Property and Casualty Underwriters, or (D) who
has been conferred the Chartered Life Underwriter (C.L.U.) designation by The
American College of Life Underwriters and who is a member, in good standing, of The
American Society of Chartered Life Underwriters, or (E) who has been conferred the
Certified Employee Benefit Specialist (C.E.B.S.) designation by the International
Foundation of Employee Benefit Plans and who is a member, in good standing, of the
International Society of Certified Employee Benefit Specialists, or (F) who has been
conferred the Certified Financial Planner (C.F.P.) designation by the Certified Financial
Planners Board of Standards, and whose designation as a C.F.P. is current and in good
standing with the Certified Financial Planners Board of Standards, or (G) who has
successfully completed a course of study equivalent to any course of study either required
for membership in good standing in any of the societies or professional entities listed in
clause (B), (C), (D), (E), or (F) of this paragraph as approved by the Commissioner, and
who has been conferred the Certified Insurance Counselor designation by The Society of
Certified Insurance Counselors.]

(D) (1) THE COMMISSIONER MAY ISSUE AN INSURANCE ADVISER'S LICENSE
TO ANY INDIVIDUAL WHO IS TRUSTWORTHY AND COMPETENT TO ACT AS AN
INSURANCE ADVISER IN SUCH MANNER AS NOT TO JEOPARDIZE THE PUBLIC
INTEREST AND WHO HAS COMPLIED WITH THE PREREQUISITES HEREIN
PRESCRIBED.

(2) A LICENSE MAY BE ISSUED TO:

(I)      A RESIDENT OF THIS STATE WHO TAKES AND PASSES THE
EXAMINATION REQUIRED UNDER SUBSECTION (F) OF THIS SECTION;

(II)    A RESIDENT OF THIS STATE WHO:

1.       IS A MEMBER, IN GOOD STANDING, OF THE SOCIETY OF
ACTUARIES OR OF THE CASUALTY ACTUARIAL SOCIETY;

2.       HAS BEEN CONFERRED THE CHARTERED PROPERTY
CASUALTY UNDERWRITER (C.P.C.U.) DESIGNATION BY THE AMERICAN INSTITUTE
FOR PROPERTY AND LIABILITY UNDERWRITERS, INC, AND IS A MEMBER, IN GOOD
STANDING, OF THE SOCIETY OF CHARTERED PROPERTY AND CASUALTY
UNDERWRITERS;

3.       HAS BEEN CONFERRED THE CHARTERED LIFE
UNDERWRITER (C.LU.) DESIGNATION BY THE AMERICAN COLLEGE OF LIFE

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