Examination for license.
Each person who intends to apply for a license as an adjuster must, before applying for the license, personally take and pass to the Commissioners satisfaction a written examination testing the applicants qualifications and competence to act as an adjuster and his or her knowledge of pertinent provisions of this Code unless:
Is not a resident of this State;
Has passed an examination to become licensed as an adjuster in the persons home state; and
Is currently licensed and in good standing in the persons home state as an adjuster; or
The person was licensed in this State as the same type of adjuster within the 24-month period immediately preceding the date of the application, unless the previous license was revoked or suspended or its continuation was refused by the Commissioner.