Ch. 369

1996 LAWS OF MARYLAND

(VI) HAS 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 SUBITEMS (I)
THROUGH (V) OF THIS ITEM AS APPROVED BY THE COMMISSIONER AND HAS BEEN
CONFERRED THE CERTIFIED INSURANCE COUNSELOR DESIGNATION BY THE
SOCIETY OF CERTIFIED INSURANCE COUNSELORS; OR

(3) A NONRESIDENT OF THE STATE WHO IS LICENSED AS AN
INSURANCE ADVISER IN THE NONRESIDENTS STATE OF RESIDENCE

(D)     (1) THE COMMISSIONER SHALL DETERMINE THE TRUSTWORTHINESS
AND COMPETENCY OF EACH APPLICANT TO ACT AS AN ADVISER IN THE STATE.

(2)     TO DETERMINE THE TRUSTWORTHINESS AND COMPETENCY OF AN
APPLICANT DESCRIBED IN SUBSECTION (C)(1) OF THIS SECTION, THE COMMISSIONER
SHALL REQUIRE THE APPLICANT TO TAKE AND PASS, TO THE SATISFACTION OF THE
COMMISSIONER, AN EXAMINATION.

(3)     A NONRESIDENT APPLICANT SHALL SATISFY THE COMMISSIONER OF
THE APPLICANTS TRUSTWORTHINESS AND COMPETENCY BY HUNG A
CERTIFICATION FROM AN APPROPRIATE OFFICIAL OF THE APPLICANTS STATE OF
RESIDENCE CERTIFYING THAT THE APPLICANT HOLDS A CURRENTLY VALID
LICENSE OR CERTIFICATE TO ACT AS AN INSURANCE ADVISER IN THE APPLICANTS
STATE OF RESIDENCE.

(E)     (1) BEFORE TAKING THE EXAMINATION REQUIRED UNDER
SUBSECTION (D) OF THIS SECTION, AN APPLICANT SHALL PAY THE APPLICATION FEE
REQUIRED BY § 2-112 OF THIS ARTICLE

(2)     AFTER AN APPLICANT HAS BEEN NOTIFIED THAT THE APPLICANT
HAS PASSED THE EXAMINATION, THE APPLICANT SHALL PAY THE APPLICABLE
LICENSE FEE REQUIRED BY § 2-112 OF THIS ARTICLE

(3)     AN APPLICANT WHO IS NOT REQUIRED TO TAKE AN EXAMINATION
SHALL PAY THE APPLICABLE LICENSE FEE REQUIRED BY § 2-112 OF THIS ARTICLE.

10-205.

An applicant for a license shall[:

(1)] file with the Commissioner an application on the form that the
Commissioner provides[; and

(2) except for an applicant who is a member in good standing of an actuarial
organization listed in § 10-204(d) of this subtitle, pay to the Commissioner:

(i) the fee required by § 2-112 of this article, if the applicant is a
resident of this State; or

(ii) the fee that the state where the applicant resides charges a
resident of this State for a license to act as an adviser in that state, if the applicant is not
a resident of this State].

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