PARRIS N. GLENDENING, Governor Ch. 57

(8) has been convicted by final judgment in any state or federal court of a
crime involving moral turpitude;

(9) has knowingly participated in writing or issuing substantial
over-insurance of property insurance risks;

(10) has failed an examination required by this subtitle;

(11) has willfully failed to comply with or has willfully violated a proper order
or regulation of the Commissioner;

(12) has failed or refused to pay over on demand money that belongs, to an
insurer, agent, broker, or other person entitled to the money;

(13) has otherwise shown a lack of trustworthiness or competence to act as an
agent or broker;

(14) is not or does not intend to carry on business in good faith and represent
to the public that the person is an agent or broker;

(15) has been denied a license or certificate in another state or has had a
license or certificate suspended or revoked in another state;

(16) has intentionally or willfully made or issued, or caused to be made or
issued, a statement that materially misrepresents or makes incomplete comparisons about
the terms or conditions of a policy or contract issued by an authorized insurer, for the
purpose of inducing or attempting to induce the owner of the policy or contract to forfeit
or surrender it or allow it to lapse in order to replace it with another;

(17) has transacted insurance business that was directed to the applicant or
holder for consideration by a person whose license or certificate to engage in the
insurance business at the time was suspended or revoked, and the applicant or holder
knew or should have known of the suspension or revocation;

(18) has solicited, procured, or negotiated insurance contracts for an
unauthorized insurer, including contracts for nonprofit health service plans, dental plan
organizations, and health maintenance organizations; or

(19) has knowingly employed or knowingly continued to employ an individual
acting in a fiduciary capacity who has been convicted of a felony or crime of moral
turpitude within the preceding 10 years.

16-105.

(b) Each policy of life insurance or annuity contract subject to this title shall have
attached to or prominently printed on its face the FOLLOWING information:

(1) a notice to the policyholder that:

(i) for 10 days after the date the policy or annuity contract is delivered
to the policyholder, the policyholder may surrender the policy or annuity contract to the
insurer for cancellation by giving the insurer written notice of cancellation; and

- 1327 -