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The Maryland Code Public General Laws, 1904
Volume 393, Page 611   View pdf image (33K)
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ART. 23] PROHIBITIONS—PENALTEES. 611

resident or non-resident, shall write any policy of insurance, or
assume any liability in the matter of insurance upon any prop-
erty, real or personal, situate in this State, unless such policy,
certificate or other evidence of liability assumed by said corpo-
ration, association or individual shall have been, previous to
delivery, signed or countersigned by an officer or agent, resident
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 com-
mon carriers, shall be subject 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
188 of this article.

1902, ch. 1, sec. 126 C

170. No insurance company, corporation or 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 insur-
ance of the classes known as employers or public liability,
personal accident, plate glass, steam boiler, burglary, sprinkle
leakage, credit indemnity, health or any other kind of insur-
ance except life, fire and marine policies and except insurance
companies described in sections 176 and 177 of this article, or
any insurance company doing what his known as an " industrial
insurance" business, until such company shall have obtained
first from the insurance commissioner of Maryland a license of
authority for that purpose.

Ibid. sec. 126 D.

171. Such license shall be issued by the insurance commis-
sioner 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 payment of the license fee hereinafter
mentioned.


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 611   View pdf image (33K)
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