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Session Laws, 1914
Volume 533, Page 197   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 197

and they are hereby authorized and empowered to levy annually
the sum of one hundred and fifty dollars for the support of
Vallie H. Pyle and the sum of seventy-five dollars for the sup-
port of James Alexander Jones, both of said County; and they
the County Commissioners, are hereby directed to pay, at their
discretion, the sums so levied to the said Vallie H. Pyle and
the said James Alexander Jones, annually.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved March 24th, 1914.

CHAPTER 152.

AN ACT to amend and re-enact sub-section Sixth of Section 160
of Article 23 of the Code of 1904 of Public General Laws of
Maryland, entitled "Corporations," sub-title "Insurance De-
partment," providing for the examination of insurance com-
panies and f or compensation to be paid the examiners.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That sub-section Sixth of Section 160 of Article 23 of the
Code of 1904 of Public General Laws of Maryland, entitled
" Corporations,'' sub-title '' Insurance Department,'' be, and the
same is hereby repealed and re-enacted, with amendments, so as
to read as follows:

SIXTH. Before granting certificates of authority to an insur-
ance company to issue policies or make contracts of insurance,
the Insurance Commissioner shall be satisfied by such examina-
tion and evidence as he sees fit to make and require, that such
company is otherwise duly qualified under the laws of this
State to transact business therein; once at least during his
term of office he shall cause the affairs of every insurance com-
pany 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 as-
certain and determine whether or not it has complied with the
laws of this State; he shall also cause an examination of every
such company to be made whenever he deems it prudent to do
so, or upon the request of five or more of the stockholders,
creditors, policy-holders or persons pecuniarily interested there-
in, who shall make affidavit of their belief, with specifications
of reasons therefor, showing a prima facie case that such com-

 

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Session Laws, 1914
Volume 533, Page 197   View pdf image (33K)
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