682 LAWS OF MARYLAND. [CH. 549

powers and privileges specified under this sub-title when it
shall be solvent under said sub-title, and shall be possessed
of the amount and character of assets and surplus required
of domestic mutual companies transacting the same class or
classes of business, provided the Insurance Commissioner shall
have ascertained from the best sources of information at his
command, and by such investigation as he may deem neces-
sary, and shall be satisfied that the character, responsibility
and general fitness of the persons named as officers and direc-
tors of said company are such as to command confidence and
warrant belief that the business of the company will be hon-
estly and efficiently conducted in accordance with the intent
and purposes of this Article, and that the public interest will
not be jeopardized by admitting said company to engage in
business in this State, and shall have complied with the fol-
lowing additional requirements:

(a) Filed with the Insurance Commissioner a certified copy
of its charter or articles and a certificate of the supervising
insurance official of the State in which it is incorporated, that
it is there organized and authorized to do such business as it
desires to transact in this State.

(b) Filed with the Commissioner a copy of its by-laws cer-
tified by its secretary.

(e) Appointed the Insurance Commissioner its agent for
the service of process in any action, suit or proceeding brought
in this State, which authority shall continue so long as any
liability shall remain outstanding in this State.

(d) Filed a financial statement under oath, in such form
as the Commissioner may require, and have complied with
other provisions of the laws applicable to the filing of papers
and furnishing information by stock companies applying for
authority to transact the same kinds of insurance.

(e) If organized without the United States, make and
maintain a deposit, if any, required of a like mutual insurance
company formed in this State for transacting the same kind
of insurance in the country in which such foreign company is
domiciled.

(f) Its name shall not be so similar to any name already in
use by any such existing corporation, company or association
organized or licensed in this State as to be confusing or mis-
leading.

(g) Any mutual insurance company organized outside of
this State, which is authorized to transact the business of in-
surance on the mutual plan, which neglects to comply with