716 LAWS OF MARYLAND. [CH. 394

proceedings, and a concise statement of the condition of each
3ompany visited or examined, and report annually to the Gov-
ernor, on or before the first day of September, his offi-
cial acts. In his report to the Governor he shall report the
condition of the companies doing business in this State, and
such other information as will exhibit the affairs of his depart-
ment; a copy of which said report to the Governor he shall
forward to the Insurance Commissioner or other similar offi-
cer of every other State of the United States, and to each com-
pany doing business in this State; and on request he shall
communicate to the Insurance Commissioner, or other proper
officer of any other State, any facts which by law it is his
duty to ascertain respecting companies of this State doing busi-
ness within such other State; and at the request of any person,
and on payment of the proper fee, as hereinafter provided,
he shall give certified copies of any record or paper in his
office when he deems it not prejudicial to the public interest
so to do, and he shall give such other certificates as this Article
provides for. He shall adopt and renew from time to time,
when necessary, with the approval of the Governor, a seal of
office, an impression and description of which, with the Gov-
ernor's certificate of approval, shall be filed with the Secretary
of State.

Section 19. Deposit of Securities by Domestic Companies.
Every domestic company writing life, health, accident, liabil-
ity, compensation or casualty insurance, or fidelity or surety
bonds, except industrial life insurance companies embraced
within the provisions of Sections 98, 99 and 100, shall, before
being entitled to transact any business of insurance, assign to
and deposit with the Treasurer of the State of Maryland, in
trust, as security for all the holders of policies or other obli-
gations of said company, bonds, coin or treasury notes of the
United States of America, bonds of the State of Maryland or
of any county or municipal corporation of this State, or inter-
est-paying first mortgage bonds of such electric railways of this
State, ground rents, first mortgages and/or interest-paying
bonds secured by first mortgage on unencumbered real estate
situated in this State, worth at least double the amount loaned
thereon, and not in default, as may be approved by the Board
of Public Works, having a market-value not less than one hun-
dred thousand dollars.

Section 20. Deposit by Industrial Life Insurance Com-
panies. Industrial life insurance companies of this State fall-