Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 10. REGULATION OF INSURANCE PROFESSIONS |
SUBTITLE 1. INSURANCE PRODUCERS |
§ 10-108. Examinations -- Insurance other than life and health insurance and annuities
Latest version.
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(a) Right to examination. -- An individual applicant who otherwise qualifies for a license for insurance other than life insurance, health insurance, or annuities is entitled to be examined as provided in this section.
(b) Subjects and method of examination. -- To determine the competence of an individual applicant as to the kind or subdivision of insurance for which the applicant wants to become licensed, the applicant shall pass a written examination that relates to that kind or subdivision of insurance.
(c) Regulations. -- The Commissioner shall adopt reasonable regulations that specify:
(1) the scope, type, conduct, and grading of the written examinations;
(2) the frequency, times, and locations within the State where the written examinations will be held; and
(3) the educational requirements for an individual applicant to be eligible to take a written examination.
(d) Proof of educational requirements; fee. -- Before taking a written examination, an individual applicant shall:
(1) (i) demonstrate to the Commissioner that the applicant has completed the educational requirements set out by the Commissioner; or
(ii) submit to the Commissioner at the time of the examination an affidavit from the employer of the applicant stating facts that show compliance with the applicable requirements of § 10-104(e)(2) or (3) of this subtitle, if the applicant qualifies by meeting the experience requirements of § 10-104(e)(2) or (3) of this subtitle; and
(2) pay the application fee required under § 2-112(a)(6)(v) of this article.
(e) Grading of examinations. -- All written examinations shall be graded within 30 days following the date of the examination.
(f) Retaking examination. -- An individual applicant who fails an examination may not take another examination until at least 14 days after the date of the last examination that the applicant failed.
HISTORY: An. Code 1957, art. 48A, § 177; 1995, ch. 36; 1996, ch. 271, § 2; ch. 370, § 2; 1997, ch. 656, § 5; 2001, ch. 731, § 1; 2002, ch. 19, § 9; 2003, ch. 21, § 6; 2013, ch. 43, § 5.