clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1963
Volume 671, Page 1137   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

J. MILLARD TAWES, Governor                     1139

terminate on the 30th day of June. For each such certificate of au-
thority or renewal the society shall pay the Commissioner ten dol-
lars ($10). Upon payment of the said fee before the expiration date
of a certificate of authority the same shall remain in effect until a
new certificate of authority is issued or specifically refused.

308.    Foreign or Alien Society—Admission.

(a)   No foreign or alien society shall transact business in this
State without a certificate of authority issued by the Commissioner.
Any such society may be authorized to transact business in this State
upon filing with the Commissioner:

(1)   A duly certified copy of its charter or articles of incorporation;

(2)   A copy of its constitution and laws, certified by its secretary
or corresponding officer;

(3)   A power of attorney to the Commissioner as prescribed in
section 347;

(4)   A statement of its business under oath of its president and
secretary or corresponding officers in a form prescribed by the Com-
missioner, duly verified by an examination made by the supervising
insurance official of its home state or other state, territory, province
or country, satisfactory to the Commissioner;

(5)   A certificate from the proper official of its home state, terri-
tory, province or country that the society is legally incorporated
and licensed to transact business therein;

(6)   Copies of its certificate forms; and

(7)   Such other information as he may deem necessary;

and upon a showing that its assets are invested in accordance with
the provisions of this subtitle.

(b)   Any foreign or alien society desiring admission to this State
shall have the qualifications required of domestic societies organized
under this subtitle.

309.    Suspension, Revocation or Refusal of License of Foreign or
Alien Society.

(a) When the Commissioner upon investigation finds that a for-
eign or alien society transacting or applying to transact business in
this State:

(1)   Has exceeded its powers;

(2)   Has failed to comply with any of the provisions of this sub-
title;

(3)   Is not fulfilling its contracts in good faith; or

(4)   Is conducting its business fraudulently or in a manner haz-
ardous to its members or creditors or the public;

he shall notify the society of his findings, state in writing the
reasons for his dissatisfaction and require the society to show cause
on a date named why its license should not be suspended, revoked or
refused. If on such date the society does not present good and suffi-
cient reason why its authority to do business in this State should

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1963
Volume 671, Page 1137   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives