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Session Laws, 1924
Volume 568, Page 329   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR, 329

CHAPTER 160.

AN ACT to repeal and re-enact with amendments Section 71
of Article 48-A of the Code of Public General Laws of Mary-
land. title "Insurance, " sub-title "Fire Insurance. "

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 71 of Article 48-A of the Code of Public
General Laws of Maryland, title "Insurance, " sub-title "Fire
Insurance, " be and the same is hereby repealed and re-enacted
with amendments so as to read as follows:

Sec. 71. Unauthorized Insurance. All persons obtaining
insurance on property situate in this State (owned by indi-
viduals or firms resident in this State, or corporations incor-
porated under the laws of this State), from companies, associ-
ations, firms or corporations not authorized to transact business
in this State, shall file with the Insurance Commissioner a
statement or declaration setting forth the name of the com-
pany, 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 premium paid on such policies
to the said commissioner, and shall further pay a fee to said
Insurance Commissioner of one dollar on each policy for mak-
ing a record of the said statement or declaration. Any insur-
ance broker placing insurance on property situate in this State
in companies not authorized to transact business in this State,
shall, between the first and tenth days of each month, submit
in writing to the commissioner a true list of such policies of
insurance so placed by him in the preceding month, together
with a statement or declaration setting forth the information
above required. Upon the failure of any broker to so file the
true list, statement and declaration herein specified, within
the limit of time herein mentioned, the Insurance Commis-
sioner may suspend his or their license for a period not exceed-
ing ninety days.

Approved April 9, 1924.

CHAPTER 161.

AN ACT to repeal and re-enact Section 29 of Article 48-A of
the Code of Public General Laws of Maryland, title "Insur-
ance, " sub-title ''General Provisions. "

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 29 of Article 48-A of the Public General

 

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Session Laws, 1924
Volume 568, Page 329   View pdf image (33K)
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