624 CORPORATIONS. [ART. 23

dent, shall write any policy of insurance, or assume any liability in
the matter of insurance upon any property, real or personal, situate in
this State, unless such policy, certificate or other evidence of liability
assumed by said corporation, association or individual shall have been,
previous to delivery, signed or countersigned by an officer or agent, resi-
dent in this State, authorized by law to sign such policy or contract;
provided, however, that policies issued to railway corporations insuring
the rolling stock and other movable property of said road, and those
insuring the liability of such railroads as common carriers, shall be
pubject to the requirement that they shall be signed by the resident
agent in cases only where more than one-half the trackage of the roads
operated by such railway companies is situate in the State of
Maryland. The premiums on all policies so signed or countersigned
shall be included in the report of gross premiums required to be made
to the insurance commissioner by all companies not organized under
the laws of this State; and any person violating the provisions of this
section shall be subject to the fines imposed by section 205 of this
article.

1904, art. 23, sec. 170. 1902, ch. 1, sec. 126 c. 1910, ch. 541 (p. 74).

187. No insurance company, corporation o:r association, chartered,
incorporated or organized under the laws of the State of Maryland,
shall hereafter engage in or carry on the business in this State of
becoming surety or guarantor on bonds of any kind, or the business
of issuing policies of insurance of the classes known as employers or
public liability, personal accident, plate glass, steam boiler, burglary,
sprinkler leakage, credit indemnity, health or any other kind of insur-
ance, except life, fire, windstorm, hailstorm, cyclone and marine policies,
and except insurance companies described in sections 193 and 194 of
this article, or any insurance company doing what is known as "Indus-
trial Insurance" business until such company shall obtain first from
the insurance commissioner of Maryland a license of authority for that
purpose.

Ibid. sec. 171. 1902, ch. 1, sec. 126D.

188. Such license shall be issued by the insurance commissioner to
the company, corporation or association entitled to the same annually
on the 31st day of January, for the period of one year, upon the pay-
ment of the license fee hereinafter mentioned.

Ibid. sec. 172. 1902, ch. 1, sec. 126 E.

189. Each company, corporation or association chartered or organ-
ized as aforesaid upon applying for said license shall pay to the insur-
ance commissioner the sum of fifteen hundred dollars for the same; or
if the application be made subsequent to the beginning of a license
year, then a pro rata proportion of the said sum of fifteen hundred
dollars.