Theodore R. McKeldin, Governor                      851

other than himself, directly or indirectly, with any insurer not au-
thorized to do business in this State.

(2) Any person shall be liable, personally, for the full amount of
any loss sustained by failure of the insurer to pay on any contract of
life insurance or annuity effected, for a person other than himself,
by or through him, directly or indirectly, with any insurer not au-
thorized, at the time the contract was effected, to do business in this
State and, in addition, for any premium taxes which may become due
under any law of this State by reason of such contract.

(c)  Acting as Agent Without License Prohibited; No Commissions
to be Paid to Unlicensed Persons.

(1)  No person shall act as a life insurance agent, as defined above,
within this State until he shall have procured a license as required
by the laws of this State.

(2)  No insurer or licensed life insurance agent doing business in
this State, shall pay directly or indirectly any commission, or other
valuable consideration to any person, for services as a life insurance
agent within this State, unless such person shall hold a valid and exist-
ing license to act as a life insurance agent as required hereunder; nor
shall any person, other than a duly licensed life insurance agent, ac-
cept any such commission or other valuable consideration; provided,
however, that the provisions of this sub-section shall not prevent the
payment or receipt of renewal or other deferred commissions to or by
any person, or his executor or administrator, solely because such per-
son has ceased to hold a license to act as a life insurance agent.

(d)  Application for License.

(1)  Each applicant for a license to act as a life insurance agent,
as defined herein, within this State, shall file with the Insurance Com-
missioner his application on forms furnished by the Commissioner.
The application shall be signed and duly sworn to by the applicant.
The prescribed form shall require the applicant to state his full name,
residence, age, occupation and place of business for five years pre-
ceding date of the application; whether applicant has ever held a
license to solicit life, or any other insurance in any state; whether he
has been refused, or has had suspended or revoked a license to solicit
life, or any other insurance in any state; what insurance experience,
if any, he has had; what instruction in life insurance and in the in-
surance laws of this State he has had or expects to have; whether any
insurer or general agent claims applicant is indebted under any
agency contract or otherwise, and if so, the name of the claimant,
the nature of the claim and the applicant's defense thereto; whether
applicant has had an agency contract canceled and, if so, when, by
what company or general agent and the reasons therefor; whether
applicant intends to devote all or part of his efforts to acting as a life
insurance agent, and, if part only, how much time he intends to de-
vote to such work, and in what other business or businesses he is
engaged or employed; whether, if applicant is a married woman, her
husband has ever applied for or held a license to solicit life, or any
other insurance in any state and whether such license has been re-
fused, suspended, or revoked; such other information as the Insur-
ance Commissioner in his discretion may require.

(2)  The application shall be accompanied by a certificate on forms
furnished by the Insurance Commissioner and signed by an officer