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. 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. The Commissioner shall adopt reasonable regulations that specify: the scope, type, conduct, and grading of the written examinations; and the frequency, times, and locations within the State where the written examinations will be held. Before taking a written examination, an individual applicant shall pay the application fee required under § 2–112(a)(6)(vi) of this article. All written examinations shall be graded within 30 days following the date of the examination. An individual applicant who fails an examination may not take another examination until at least 4 days after the date of the last examination that the applicant failed.