HERBERT R. O'CONOR, GOVERNOR. 1377

tated Code of Maryland (1939 Edition), title "Insurance", sub-
title "Fire Insurance", be and the same are hereby repealed
and re-enacted, with amendments, to read as follows:

96. Unauthorized Insurance. All persons obtaining in-
surance on property situate in this State (owned by in-
dividuals or firms resident in this State, or corporations
incorporated under the laws of this State) or covering per-
sons resident in or other risks in this State, from companies,
associations, firms or corporations not authorized to transact
business in this State, shall file with the Insurance Com-
missioner a statement or declaration setting forth the name
of the company, number of policy, amount of insurance, rate,
premium and description of property or risk; shall be re-
quired 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 making1 a record of the said state-
ment or declaration. Any insurance broker placing insurance
covering in this State as aforesaid in companies not
authorized to transact business in this State, shall, be-
tween, 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.

97. Unauthorized Insurance — Affidavit. Whenever any
person or firm resident in this State, or corporation incor-
porated under the laws of this State, shall file with the Insur-
ance Commissioner an affidavit that said person, firm or
corporation is unable to obtain in companies legally author-
ized to do business in this State, insurance or a sufficient
amount thereof on property situate in this State owned by
said person, firm or corporation, or covering1 persons resident
in or other risks in this State, then the Commissioner shall
issue a license to such person, firm or corporation authorizing
the procurement of insurance in non-admitted companies or
associations to the extent of the insurance desired; and such
person, firm or corporation shall not be required to pay the
tax imposed by the preceding section, but shall be required to
pay a tax thereon of two and one-half per cent of the premiums
paid on such policies to said Insurance Commissioner and a
fee of one dollar on each policy so obtained; and said Corn-
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