PARRIS N. GLENDENING, Governor

Ch. 369

(4)     have been conferred the Certified Employee Benefit Specialist
(C.E.B.S.) designation by the International Foundation of Employee Benefit Plans and be
a member in good standing of the International Society of Certified Employee Benefit
Specialists;

(5)     have been conferred the Certified Financial Planner (C.F.P.)
designation by the Certified Financial Planners Board of Standards and be currently
designated as a C.F.P. and be a member in good standing of the Certified Financial
Planners Board of Standards; or

(6)     have completed successfully a course of study equivalent to any course of
study required for membership in good standing in any society or professional entity listed
in items (1) through (5) of this paragraph as approved by the Commissioner and have
been conferred the Certified Insurance Counselor designation by The Society of Certified
Insurance Counselors.

(e) An applicant must be:

(1)     a resident of this State; or

(2)     a resident of another state who is licensed as an adviser in that state.]
(C) A LICENSE MAY BE ISSUED TO:

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

(2)     A RESIDENT OF THE STATE WHO:

(I)      IS A MEMBER IN GOOD STANDING OF THE SOCIETY OF
ACTUARIES OR THE CASUALTY ACTUARIAL SOCIETY;

(II)    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;

(III) HAS BEEN CONFERRED THE CHARTERED LIFE UNDERWRITER
(C.LU.) DESIGNATION BY THE AMERICAN COLLEGE OF LIFE UNDERWRITERS AND IS
A MEMBER IN GOOD STANDING OF THE AMERICAN SOCIETY OF CHARTERED LIFE
UNDERWRITERS AND CHARTERED FINANCIAL CONSULTANTS;

(IV)   HAS BEEN CONFERRED THE CERTIFIED EMPLOYEE BENEFIT
SPECIALIST (CE.B.S.) DESIGNATION BY THE INTERNATIONAL FOUNDATION OF
EMPLOYEE BENEFIT PLANS AND IS A MEMBER IN GOOD STANDING OF THE
INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS;

(V)     HAS BEEN CONFERRED THE CERTIFIED FINANCIAL PLANNER
(C.F.P.) DESIGNATION BY THE CERTIFIED FINANCIAL PLANNERS BOARD OF
STANDARDS, IS CURRENTLY DESIGNATED AS A CF.P., AND IS A MEMBER IN GOOD
STANDING OF THE CERTIFIED FINANCIAL PLANNERS BOARD OF STANDARDS; OR

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