Adds a requirement that applicants for licenses to become private investigators and managers of private investigative agencies (Class “C,” “MA,” and “M” licensees) pass a private investigator examination and submit proof of successfully passing the examination, beginning January 1, 2008; adds a form to be used to submit as proof of passing the examination; adds an examination fee; and adds language about establishing the content of the private investigator examination and the manner and procedure of its administration.