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Session Laws, 1914
Volume 533, Page 199   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 199

ployment who shall be paid by the company whose affairs are
examined his traveling and other expenses, and in addition
thereto, a sum to be approved by the Insurance Commissioner,
not exceeding, however, twenty-five dollars ($25.00) per day,
for each and every day that he is engaged in any such examina-
tion; and provided, further, that any official or employee of
the Insurance Department who shall be directed by the Insur-
ance Commissioner to assist in the examination of any insurance
company organized and located outside of this State and doing
business in this State, shall be paid by such company his travel-
ing and other expenses and such reasonable compensation as
shall be fixed by the Insurance Commissioner, in addition to the
salary paid such official or employee out of the funds of said
Department. If the per diem and expenses in any case herein
provided shall remain unpaid after ten days from the comple-
tion of any such examination, the Insurance Commissioner may
sue therefor. For the purposes of any examination authorized
by law, the Insurance Commissioner, or the Insurance Exam-
iner, shall have power and is hereby authorized to summon any
person or persons being within this State, and to administer to
aim or them the proper and necessary oath, and to examine
him or them, under oath, in relation to the affairs and conditions
of any insurance company. In order that the public may be
fully informed as to the condition of all companies doing busi-
ness in this State, the result of the official examination of any
such company, in such condensed form as shall show the true
condition of the company examined, shall be published within
thirty days thereafter by the Insurance Commissioner, at the
expense of said company, in one daily newspaper published in
the City of Baltimore. Should any insurance company or-
ganized under the laws of this State refuse to permit its
affairs to be examined as herein provided, or refuse free access
to its books or papers, or in any manner whatever prevent a
thorough examination, the said Insurance Commissioner shall
proceed against said company in the manner provided in the
seventh sub-Section of this Section.

SEC. 2. Be it further enacted, That this Act shall take effect
from and after the date of its passage.

Approved March 24th, 1914.

 

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Session Laws, 1914
Volume 533, Page 199   View pdf image (33K)
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