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Session Laws, 1900
Volume 97, Page 1115  
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JOHN WALTER SMITH, ESQ., GOVERNOR. 1115 visions of this Article, shall be guilty of a misdemeanor, and upon conviction thereof shall be liable to a fine of not more Penalty. than one hundred dollars, or confinement in jail for not more than thirty days, or both fine and imprisonment in the dis- cretion of the court. SEC. 2. And be it further enacted, That this Act shall take effect from the date of its passage. Approved April 10, 1900. CHAPTER 700. AN ACT to repeal and re-enact with amendments Section one hundred and twenty-one of Article 23 of the Code of Public General Laws, title ‘‘Corporations,'' sub-title ‘‘Insurance Department.'' SECTION 1. Be it enacted by the General Assembly of Mary- Insurance land That Section one hundred and twenty-one of Article 23 Department. of the Code of Public General Laws, title “Corporations,” sub-title “Insurance Department,” he and the same is hereby repealed and re.enacted with amendments, so as to iead as follows: 121. There shall be a distinct department, to he known as Governor shall the Insurance Department, which shall be charged with the appoint an execution of the laws of this State in relation to insurance, Insurance Commissioner the chief officer of which shall be appointed by the Governor, Treasurer and Comptroller for the term of four years, and shall be known as the Insurance Commissioner, and shall re- ceive an annual salary of twenty-five hundred dollars, payable compensation only out of the fees of said department authorized by this Article, and shall hold office during the term for which he is appointed, or until his successor is appointed and qualified, unless sooner removed by time Governor, Treasurer and Comp- troller; and the said Insurance Commissioner shall give bond to the State of Maryland in the sum of fifty thousand dollars Shall execute for the faithful discharge of his duties; and no person who is bond, etc. a director, officer or agent of, or directly or indirectly inter- ested in any insurance company, except as insured, shall be appointed as such Insurance Commissioner. And the said Insurance Commissioner is authorized to appoint an actuary for his said Insurance Department, and also to employ such clerical assistance as lie may deem necessary to the proper dis- charge of the duties and efficiency of his department; pro- vided, however, that the salary and pay of such actuary and clerks shall be paid out of the fees of said Insurance Depart-

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Session Laws, 1900
Volume 97, Page 1115  
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