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Session Laws, 1920
Volume 539, Page 465   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 465

such States; and where any such attorney shall appoint an
agent, solicitor or representative to solicit or negotiate com-
tracts of insurance in this State, he shall be required to comply
with the sections of the Insurance Laws of this State relating
to agents' qualifications, by procuring a license for each such
agent or solicitor within this State, for which the following
fees shall be paid, to wit: For licenses to represent any such
company, association or exchange issuing contracts or giving
coverage against loss by fire, a fee of $5.00, and for coverage
other than fire, a fee of $2.00.

SECTION 2. And be it further enacted, That this Act shall
take effect on and after June 1st, 1920.

Approved April 9, 1920.

CHAPTER 267.

AN ACT to repeal and re-enact, with amendments, Section
182 of Article 23 of the Code of Public Civil Laws of
Maryland, title "Corporations," sub-title "Insurance
Department," relating to the requirements and condi-
tions precedent to the transaction of business in this
State of other State and foreign insurance companies.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 182 of Article 23 of the Code of Public
Civil Laws of Maryland, title "Corporations," sub-title "In-
surance Department,'' be and the same is hereby repealed and
re-enacted, with amendments, so as to read as follows:

182. It shall not be lawful for any insurance company,
association, partnership or corporation, organized under the
laws of any other State of the United States, or by the Govern-
ment of the United States, or any foreign government, directly
or indirectly, to take risks or transact any business of insur-
ance in this State, unless it be fully organized and possessed
of the amount of actual capital required of similar companies
formed under the laws of this State, and until the following
conditions have been fully complied with. There must be
filed with the Insurance Commissioner first, a copy of its char-
ter, declaration of organization or deed of settlement, duly ap-
proved and certified by the proper officer of its own State or
nation, with his certificate that the company is entitled to as-
sume risks and issue policies therein; second, a power of at-
torney, appointing a citizen of this State, resident within this


 

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Session Laws, 1920
Volume 539, Page 465   View pdf image (33K)
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