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Session Laws, 1908 Session
Volume 483, Page 62   View pdf image (33K)
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62 LAWS OF MARYLAND.

Sections 157A, 157B, 157C, 157D, 157E, 157F, 157G, 157H and
157I, to follow Section 157.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Article 23, title "Corporations, " sub-title "Insur-
ance, " be amended by adding the following sections, designated
Sections 157A, 157B, 157C, 157D, 157E, 157F, 157G, 157H and 151I,
to follow Section 157.

SEC. 157A. All persons or individuals obtaining insurance on
property situate in this State, owned by individuals or firms
resident in this State, or corporations incorporated under the
laws of this State against fire, lightning or tornado, from com-
panies, associations, firms or corporations not authorized to
transact business in this State, shall file with the Insurance
Commissioner of the State a statement or declaration setting
forth the name of the company, number of policy, amount of
insurance, rate, premium and description of property; shall be
required to pay a tax thereon of five per cent, of the premiums
paid on such policies to the said Insurance Commissioner; and
shall further pay a fee to said Commissioner of one dollar on
each policy for making a record of the said statement or decla-
ration, which record shall be kept for the private information of
the Insurance Department of this State and shall not be a
public record.

SEC. 157B. Whenever any person or firm resident in this
State, or corporation incorporated under the laws of this State,
shall file with the Insurance Commissioner an affidavit that
said person, firm or corporation is unable to obtain in com-
panies legally authorized to do business in this State insur-
ance or a sufficient amount thereof on property situate in this
State owned by said person, firm or corporation, then the In-
surance Commissioner shall issue a license to such person, firm =
or corporation authorizing the procurement of insurance in
non-admitted companies or associations to the extent of the in-
surance desired, and such person, firm or corporation shall not
be required to pay the tax imposed by the preceding section,
but shall be required to pay to said Insurance Commissioner a
fee of one dollar on each policy so obtained, and said Insurance
Commissioner shall make a record thereof in the book men-
tioned in the preceding section, showing name of company,
number of policy, amount of insurance, rate, premium and
date of expiration of policy, and in case of damage to or loss by
fire, lightning or tornado of any property so insured, the said
authorized company is hereby authorized through its agent or
agents to enter this State for the purpose of adjusting any such

 

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Session Laws, 1908 Session
Volume 483, Page 62   View pdf image (33K)
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