Any contractor who obtained a valid contractor’s license under the existing license statute prior to July 1, 1977, shall be exempt from the provisions of this Chapter relative to application, investigations and examinations. Any contractor with a valid license issued prior to July 1, 1977, with a classification different from those enumerated in § 70106, shall be automatically placed in the appropriate classification without the necessity of complying with the application, investigation and examination provisions of this Chapter. All other provisions shall apply.

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