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gard to the provisions of this section shall be deemed guilty of perjury, and shall be subject to the penalty or penalties prescribed for such offenses by the laws of this State.

1904, art. 23, sec. 164. 1894, ch. 260, sec. 123a.

181. Associations of individuals, citizens of the United States, whether organized within the State, or elsewhere within the United States, formed upon the plan known as Lloyds, whereby each associate underwriter becomes liable for a proportionate part of the whole amount insured by a policy, may be authorized to transact insurance other than life in this State, upon the following conditions: That any such association organized in this State may be permitted to transact the insurance business upon the same terms and conditions as are by the laws of this State imposed upon an insurance company or ganized under the laws of this State, and any such association organized in any other of the United States may be permitted to transact its business in this State upon the same terms and conditions as are by the laws of this State imposed upon an insurance company incorporated in the State where such association was organized.

Ibid, sec. 165. 1888, art. 23, sec. 124. 1860, art. 56, sec. 30. 1858, ch. 432, sec. 6. 1872, ch. 388. 1874, ch. 400. 1876, ch. 248. 1878, ch. 106.

182. It shall not be lawful for any insurance company, association, partnership or corporation, organized under the laws of any other State of the United States, or by the Government of the United States, or any foreign government, directly or indirectly, to take risks or transact any business of insurance, whether life, fire, marine or inland, or other insurance risks, in this State, unless it be fully organized and possessed of the amount of actual capital required of similar companies formed under the laws of this State, or until the following conditions have been fully complied with: There must be filed with the Insurance Commissioner, first, a copy of its charter declaration of organization or deed of settlement, duly approved and certified by the secretary of State Insurance Commissioner, or other proper officer of its own State or nation with his certificate that the company is entitled to assume risks and issue policies

therein; second, a power of attorney appointing a citizen of this State, resident within this State, the agent or attorney for the company, upon whom process of law can be served; there must also be filed with the Insurance Commissioner a certified copy of the vote or resolution of the directors appointing such attorney, which appointment shall continue until another attorney be substituted. And said writing or power of attorney shall stipulate and agree, on the part of the company making the same, that any lawful process against said company, which is served on such agent, shall be of the same legal force and validity as if served on such company or association within this State; and also, that in case of the death or absence of the attorney so appointed, service of process may be made upon the Insurance Commissioner of this State; and such power of attorney can not be revoked or modified (except that a new one may be substituted), so long as any policy or liability remains outstanding against such company in this State. The term process, used above, shall be held and deemed to include any writ, summons or order whereby any action, suit or proceeding shall be commenced, or which shall be issued in or upon any action, suit or proceedings, by any Court, officer or magistrate; third, a statement of the condition of the company on the thirty-first day of December next preceding, under oath of the president or vice-president of the company, with that of the secretary or actuary, as hereinafter provided for; fourth, a certificate of the appointment of a general agent of the company for this State, and a list of its agents authorized to transact business for said company within this State; and no certificate of authority, as hereinafter described, shall be issued to any person or persons not so designated by the company as agent, except in the case of solicitors of life insurance, who may be designated by the general agent of the company for this State.

1904, art. 23, sec. 166. 1888, art. 23, sec. 125. 1880, ch. 387. 183. Every life insurance company, in addition to the above, shall file, and annually renew, a certificate from the Insurance Commissioner or chief financial officer of the State in which such company is organized, or of some one of the United States, setting forth that such company has deposited with him the

sum of one hundred thousand dollars of its capital or assets, in gold coin of the United States, or invested in notes or bonds of the United States or in bonds of the State of Maryland, or of the State in which said company is organized, or in bonds secured by mortgage or deeds of trust on unencumbered real estate, worth at least double the amount loaned thereon, and that he holds the same in trust and on deposit, under and by the laws of the State in which he resides, for the benefit of all the policyholders of such company in the United States, and that he is satisfied that the securities so deposited by such company, and held by him, are worth at least one hundred thousand dollars; provided, that every such company not having such deposit made in the State in which it is organized, or in some one of the United States, may make such deposit with the Treasurer of Maryland, in the manner provided by law for companies organized under the laws of this State.

1912, art. 23, sec. 184. 1904, art. 23, sec. 167. 1888, art. 23, sec. 126. 1860, art. 56, sec. 31. 1858, ch. 432, sec. 6. 1872, ch. 388. 1874,

ch. 400. 1876, ch. 248. 1878, ch. 106. 1880, ch. 387. 1890,
ch 545. 1894, ch. 290. 1902, ch. 250. 1910, ch. 734.
1912, ch. 207, sec. 167 (p.399). 1916, ch.
255, sec. 184.

184. No person, firm or corporation shall act as agent or solicitor in this State for any insurance company, as defined in Section 192 of this Article, in any manner whatever relating te insurance risks until all the provisions of this Article relating thereto have been complied with, and there has been granted by the Insurance Commissioner, except in the case of companies chartered under the laws of this State, a certificate of authority or license, for which said company or its agent doing a life insurance business, shall pay to the Insurance Commissioner the sum of three hundred dollars ($300.00), and all other such companies or their agent, except those as may be chartered under the laws of this State, shall pay the sum of one hundred dollars ($100.00); and all companies or their agent, except such as may be chartered under the laws of this State, shall also pay to the Insurance Commissioner a tax on the amount of premiums contracted to be paid or actually collected, received, allowed or secured in this State, or from residents thereof, during the last license year, by or for said company,

and without any deduction for expenses or endowments or dividends that may have been paid or allowed, or for any other cause whatsoever. Said tax shall be at the rate of two per centum on premiums on policies of such companies whose charters authorize them to write fire, marine or inland insurance, and at the rate of one and one-half per centum on permiums on policies of all other such companies, and which rates shall not be increased or diminished by reason of any greater or less rates being chargeable under the laws of any other State or Territory. A report of the premiums so collected as above must be made to the Insurance Commissioner under oath of the chief accountant officers of such company at the time of obtaining the license hereinabove provided for. The Insurance Commissioner, in computing the tax upon premiums collected in this State by fire and marine insurance companies, may allow credit for returp premiums on canceled policies and for reinsurance effected in companies authorized to do business in this State. Any com pany applying for admission to this State shall pay for its li cense pro rata for a fractional part of a year, so that all licenses issued shall expire at midnight on the thirty-first day of December next ensuing the date of issue. In addition to the above license and tax, there shall be paid by each insurance company, individual, resident or non-resident, partnership or association, whether of this State or otherwise, doing business in this State, the following fees to the Insurance Commissioner to defray the expenses of executing the provisions of this Article. Upon filing the certified copy of charter, declaration of organization or deed of settlement required by this Article to be filed as a coudition precedent to do business in this State, twenty-five dollars; upon filing each annual statement, twenty-five dollars; for each certificate of authority which each general agent of every insurance company not organized under the laws of this State and doing herein the business of insurance in any of its branches is hereby required to obtain the sum of ten dollars; and for each certificate of authority issued to any policywriting agent who may be appointed by any fire or marine insurance company, except such as may be chartered under the laws of this State, the sum of ten dollars; and the sum of five dollars for each certificate of authority issued to any solicitor

who may be appointed by any fire or marine insurance company, except such companies as may be chartered under the laws of this State, which said company shall pay the fees required by Section 184D of this Act, and except for those companies of such States, District or country as charge a greater sum than five dollars for each similar certificate of authority to solicitors of fire and marine insurance companies of this State, in all of which cases the same fees shall be charged for certificates of authority issued to the solicitors of such companies as the home States of such companies charge such solicitors of companies chartered under the laws of this State; and for each certificate of authority issued to a solicitor of any insurance company other than one transacting fire or marine business, by request of such company or of the general agent thereof in this State, the sum of two dollars (all certificates of authority issued to agents or solicitors of insurance companies shall expire at midnight on the thirty-first day of December next ensuing the date of issue); for each abstract of their annual statement for publication, two dollars; for every copy of any paper filed in the Insurance Department, the sum of twenty cents per folio, and for affixing the official seal to such copy and certifying the same, one dollar; for valuing policies of life insurance companies, thirty dollars per million of insurance or any fractional part thereof; for official examination of companies under this Article, the charges specified in Section 178 of this Article. The certificates of authority issued to any agent or solicitor of an insurance company doing the business of insurance in any of its branches, shall have specified upon its face the name of the company for which said solicitor is authorized to act. Provided that nothing contained herein shall amend or repeal Sections 187 to 191, both inclusive, of Article 23 of Bagby's Annotated Code of Public Civil Laws, or Chapter 541 of the Acts of the General Assembly of Maryland of 1910.*

*This and sub-sections 184 A, B, C, D and E take effect from and after January 1, 1917.

1916, ch. 255, sec. 184A.

184A. It shall be unlawful for any person to act as agent or solicitor in this State for any insurance company, as defined

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