330 LAWS OF MARYLAND. [CH. 161

Laws of Maryland, title "Insurance, " sub-title "General Pro-
visions, " be and the same is hereby repealed and re-enacted
with amendments so as to read as follows:

Sec. 29. Admission of Foreign Companies. No foreign in-
surance company shall, directly or indirectly, transact any
business of insurance in this State unless and until it shall
be fully organized and possessed of the amount of capital
required of similar companies formed under the laws of this
State, and until the following conditions shall have been fully
complied with and there shall have been granted by the com-
missioner a license to said company. There shall be filed with
the Insurance Commissioner, first, a copy of its charter, de-
claration of organization or deed of settlement, duly certified
by the proper official of its home State, with his certificate
that said company is entitled to assume risks and issue policies
therein; secondly, a power of attorney appointing the Insur-
ance Commissioner of the State of Maryland as agent or attor-

ney for the company, upon whom process of law may be served,
together with a certified copy of the vote or resolution of the
directors appointing such attorney. Said writing or power of
attorney shall stipulate and agree, on the part of the company
making the same, that any lawful process against said com-
pany which is served on such agent, shall be of the same legal
force and validity, as if served on such company within this
State, and also, that in case of the death or absence of the
attorney so appointed, service of process may be made upon, the
Deputy Insurance Commissioner. Said power of attorney can-
not be revoked or modified, so long as any policy or liability
remains outstanding against such company in this State. The
term process, used above, shall be held and deemed to include
any writ, summons or orders, whereby any action, suit or
proceeding shall be commenced, or which shall be issued in
or upon any action, suit or proceeding, by any court, officer or
magistrate; thirdly, a statement of the condition of the com-
pany on the thirty-first day of December next preceding, under
oath of the president or vice-president of the company, with
that of the secretary or actuary, as hereinafter provided;
fourthly, a certificate by every company writing life, accident,
health, liability or compensation insurance, or fidelity or
surety bonds, which shall be renewed annually, from the com-
missioner or superintendent of insurance or proper financial
officer of the State in which such company is organized, or by
the Treasurer of the State of Maryland, or of some other State
of the United States, setting forth that such company has