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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 629   View pdf image (33K)
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INSURANCE. 629

No one shall be excused from attending and, when ordered to do so, from
testifying or producing any books, papers or other documents before the
Insurance Commissioner, or the Deputy Insurance Commissioner, or any
court or magistrate, upon any investigation, proceeding or trial, for viola-
tion of any of the provisions hereof, upon the ground, and for the reason
that the testimony or evidence, documentary or otherwise, required of him
may tend to convict him of a crime or subject him to a penalty or for-
feiture. No person shall be prosecuted or subjected to any penalty or
forfeiture for, or on account of, any transaction, matter or thing, concern-
ing which he may have been required so to testify or to produce evidence,
documentary or otherwise, and no testimony so given, or produced, shall
be received against him on any criminal investigation or procedure. Any
person or corporation violating the provisions of this section shall be guilty
of a misdemeanor and shall forfeit to the people of this State the sum of
tive hundred dollars ($500. 00) for each such violation.

1935, ch. 184.

47A. It shall be unlawful for any person, co-partnership, association,
or corporation to publish or print in any newspaper, magazine, periodical,
circular letter, pamphlet, or in any other manner, or to publish by radio-
broadcasting in this State, any advertisement or other notice, either di-
rectly or indirectly setting forth the advantages of or soliciting business
for any insurance company which has not been authorized to do business
in this State. No person, co-partnership, association or corporation shall
accept for publication or printing in any newspaper, magazine or other
periodical, or for radio broadcasting, in this State, any advertisement or
other notice, either directly or indirectly setting forth the advantages of
or soliciting business for any insurance company, unless such person, co-
partnership, association or corporation shall hold an unexpired certificate
from the Insurance Department, or such radio broadcasting includes a
statement that the broadcasting station holds such certificate to the effect
that the insurance company named therein is authorized to do business in
this State for the current license year. Such certificates shall be issued
by the Insurance Department without cost to any person applying therefor.
Any person, co-partnership, association or corporation violating any of the
provisions of this section shall be guilty of a misdemeanor, and upon con-
viction thereof shall be sentenced to a fine of not less than two hundred
dollars, nor more than five hundred dollars, for every such violation.

An. Code, 1924, sec. 50. 1922, ch. 492, sec. 50. 1927, ch. 394, sec. 50.
1935, ch. 273, sec. 50.

50. Examination of Companies. Once at least during his term of
office the Commissioner shall cause the affairs of every insurance company-
organized under the laws of this State to be thoroughly inspected and
examined with special regard to its financial condition and its ability to
fulfill its obligations, and shall ascertain and determine whether or not
it has complied with the laws of this State; he shall also cause an examina-


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 629   View pdf image (33K)
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