clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Maryland Code Public General Laws, 1904
Volume 393, Page 609   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ART. 23] LIFE INSURANCE COMPANIES. 609

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. 520.

167. No person shall act as agent or solicitor in this State
for any insurance company, including individuals, whether
residents or non-residents, partnership or joint stock associa-
tion, except for such companies as may be chartered under the
laws of this State, in any manner whatever relating to insur-
ance risks, until all the provisions of this article relating
thereto have been complied with and there has been granted by
the insurance commissioner a certificate of authority or license,
for which said company, individual, resident or non-resident,
association or their agent shall pay to the insurance commis-
sioner the sum of three hundred dollars, and shall also pay to
the insurance commissioner a tax of one and one-half per
centum on the amount of premiums actually collected, received
or secured in this State, or from residents thereof, during
the last license year by or for said company, individual, resi-
dent or non-resident, partnership or association, and without
any deduction for expenses or endowments which may have
been paid, or for any other cause whatsoever. A report of
the premiums so collected as above must be made to the insur-
ance commissioner under oath of the chief accountant officer
of such company, or its general agent of this State, at the
time of obtaining the license hereinabove provided for.
Any company applying for admission in this State shall pay
for license in like proportion for a fractional part of a year, so
that all licenses issued shall expire on the thirty-first day of
December next ensuing. 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 declaration or certified copy of charter hereafter
admitted to do business in this State, twenty-five dollars;
upon filing each annual statement, twenty-five dollars; for
each certificate of authority which each agent or solicitor 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 ;
provided, however, that sub-agents or solicitors, who may be
appointed by the general agent of any life or accident insur-
39


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Maryland Code Public General Laws, 1904
Volume 393, Page 609   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives