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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 612   View pdf image (33K)
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612 CORPORATIONS. [ART. 23

1908, ch. 322, sec. 167 L

174. Immediately upon the passage of this; Act the said insurance
commissioner shall have a copy thereof published in one or more daily
newspapers published in Baltimore city and one newspaper published
in each of the counties of the State of Maryland.

Insurance Department.

1904, art. 23, sec. 158. 1888, art. 23, sec. 121. 1860, art. 56, sec. 27. 1858, ch.

432, sec. L 1872, ch. 388. 1874, ch. 400. 1876, ch. 248.

1878, ch. 106. 1900, ch. 700.

175. There shall be a distinct department, to be known as the
insurance department, the office for which shall be in the city of Balti-.
more, which shall be charged with the execution of the laws of this
State in relation to insurance, the chief officer of which shall be
appointed by the governor, treasurer and comptroller for the term of
four years, and shall be known as the insurance commissioner, and shall
receive an annual salary of twenty-five hundred dollars, payable only
out of the fees of said department authorized by this article, and shall
hold office during the term for which he is appointed, or until his suc-
cessor is appointed and qualified, unless sooner removed by the gover-
nor, treasurer and comptroller; and the said insurance commissioner
shall give bond to the State of Maryland in the sum of fifty thousand
dollars for the faithful discharge of his duties; and no person who is
a director, officer or agent of, or directly or indirectly interested in any
insurance company, except as insured, shall be appointed as such insur-
ance commissioner. And the said insurance commissioner is author-
ized to appoint an actuary for his said insurance department, and also
to employ such clerical assistance as he may deem necessary to the
proper discharge of the duties and efficiency of his department; pro-
vided, however, that the salary and pay of such actuary and clerks shall
be paid out of the fees of said insurance department; and provided fur-
ther, that he shall not exceed the sum of five thousand dollars for the
pay of such clerical assistance.

The governor, comptroller and treasurer have the power (by unanimous
action) to remove the Insurance commissioner without cause and without
notice. History of the Insurance department. Townsend v. Kurtz, 83 Md.
340 (decided in 1896).

Ibid. sec. 159. 1892, ch. 612. 1894, ch. 256, sec. 121 A.

176. The insurance commissioner is authorized to employ a counsel
for the insurance department at an annual compensation not exceeding
one thousand dollars, which shall be paid out of the fees of said insur-
ance department.

1908, ch. 553.

177. The insurance commissioner is also authorized to employ an
examiner for the insurance department at an annual compensation not
exceeding fifteen hundred ($1,500.00) dollars, which shall be paid out
of the fees of said insurance department. And it shall be tie duty

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 612   View pdf image (33K)
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