Theodore R. McKeldin, Governor                      853

(iv) Any licensed life insurance agent, who had a license issued by
the State of Maryland as a life insurance agent, in force on June 1,
1956 1957 JUNE 30, 1958, or any person who at the time he was
inducted or enlisted in the Armed Forces of the United States held a
license then in force as a life insurance agent, shall not be required to
submit to such an examination for a license to sell the same class of
insurance for which he then had a license, nor shall an examination be
required for the renewal of any licenses, or for additional licenses
covering the same class of insurance, except in cases where the license
has been suspended or revoked as in this section provided, in which
event the Commissioner may in his discretion require the applicant to
pass an examination before reinstatement or reissuance of license.

(v) An applicant for a license to act as a life insurance agent for
an insurance company if at least 90% of the premiums received by
such company during the calendar year preceding the date of applica-
tion were paid on policies which stipulate payment of premiums on
a weekly basis.

(VI)  AN APPLICANT FOR A LIFE INSURANCE AGENT'S
LICENSE WHOSE COMPANY CERTIFIES TO THE COMMIS-
SIONER THAT HE HAS SUCCESSFULLY COMPLETED AN
AGENT'S TRAINING COURSE GIVEN BY HIS COMPANY AND
WHICH IS CONSIDERED BY THE COMMISSIONER TO BE
REASONABLY ADEQUATE TO ASSURE THAT HE IS QUALI-
FIED.

(VII)   IF THE COMMISSIONER IS SATISFIED FROM THE
APPLICATION AND REFERENCES FURNISHED WITH THE
AGENT'S APPLICATION FOR A LICENSE, THAT HE WILL
SELL ONLY INSURANCE ON WHICH PREMIUMS ARE PAY-
ABLE MONTHLY OR MORE OFTEN, NO EXAMINATION OF
THE AGENT SHALL BE REQUIRED.

(2)  Subject to the provisions of paragraph PARAGRAPH (1) of
this sub-section, the Insurance Commissioner may establish SHALL
ESTABLISH REASONABLE rules and regulations with respect to
the scope, type and conduct, CONDUCT AND GRADING of such
written examinations and the times and places within this State where
they shall be held; provided, that applicants shall be permitted to take
such examinations at least once in each week at the principal office
of the Insurance Commissioner, and provided further that such ex-
aminations shall be offered at least once in each month QUARTER
OF THE YEAR MONTH at a location on the Eastern Shore of Mary-
land and once each month QUARTER OF THE YEAR MONTH at a
location on the Western Shore of Maryland (other than Baltimore
City), such locations to be selected by the Insurance Commissioner
OR DEPUTY COMMISSIONER; AND ALL EXAMINATIONS
MUST BE GRADED WITHIN THIRTY DAYS FOLLOWING THE
DATE OF THE EXAMINATION.

(3)  Any person who shall have taken and failed to pass any such
examination shall not be entitled to take any further examination un-
til thirty days after the date of the last examination in which he
failed. Any person shall be entitled to take not more than three ex-
aminations for the initial fee of $5.00 $10.00 $5.00. Any person
requiring more than three examinations shall pay an additional fee
of $5.00 $10.00 $5.00 which shall entitle him to take three more
examinations but no more.