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Session Laws, 1914
Volume 533, Page 1078   View pdf image (33K)
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1078 LAWS OF MARYLAND.

centum shall be charged to the policies written in that year,
forty per centum to the policies written in the preceding year,
ten per centum to the policies written in the second year
preceding, ten per centum to the policies written in the third year
preceding, and five per centum to the policies written in the fourth
year preceding, and such payments made in the first four
calendar years in which a corporation has been issuing such
policies shall be distributed as follows: In the first calendar
year one hundred per centum shall be charged to the policies
written in that year, in the second calendar year fifty per
centum shall be charged to policies written in that year and
fifty per centum to the policies written in the preceding year,
in the third calendar year forty per centum shall be charged
to the policies written in that year, forty per centum to the
policies in the preceding year, and twenty per centum to the
policies written in the second year preceding, and in the fourth
calendar year thirty-five per centum shall be charged to the
policies written in that year, forty per centum to the policies
written in the preceding year, fifteen per centum to the policies
written in the second year preceding, and ten per centum to the
policies written in the third year preceding, and a schedule
showing such distribution shall be included in such annual
statement. Each such corporation shall be charged with in-
debtedness for outstanding losses upon such policies determined
as follows: (10) For all suits being defended under policies
written more than ten years prior to the date as of which the
statement is made, except suits in which liability is not depen-
dent upon negligence of the insured, one thousand dollars for
each suit; (11) for all suits being defended under policies
written more than five years and less than ten years prior to
the date as of which the statement is made, except suits in
which liability is not dependent upon negligence of the insured,
seven hundred and fifty dollars for each suit; (12) for all
deaths for which the insured are liable without proof of negli-
gence, covered by policies written more than five years prior
to the date as of which the statement is made, the amount neces-
sary to pay for such deaths; (13) for all unpaid claims on
account of non-fatal injuries for which the insured are liable
without proof of negligence under policies written more than
five years prior to the date as of which the statement is made,
the present value of the estimated future payments; (14) for
the policies written in the five years immediately preceding the
date as of which the statement is made, an amount determined
as follows: Multiply the earned premiums of each such five

 

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Session Laws, 1914
Volume 533, Page 1078   View pdf image (33K)
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