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Session Laws, 1900
Volume 97, Page 824   View pdf image (33K)
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824

LAWS OF MARYLAND.

therein named shall receive and enjoy any gifts, devise or
bequest to it in her aforesaid last will and testament contained
upon the condition therein mentioned as fully and as to same
effects as if said gift, devise or bequest had been made to it by
its true legal, accurate and corporate name, provided, always,
the said several corporations shall be able and entitled to show,
if necessary, that they are respectively those so designated as
hereinbefore set forth by the said testatrix.

SEC. 3. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 7, 1900.

CHAPTER 512.
AN ACT to add two additional Sections to Article 23, of the
Code of Public General Laws, title "Corporations," sub-
title "Insurance Department," to be known as Section 126 A
and Section I26B of said Act, said additional Sections
being intended to prevent the payment of commissions to
unlicensed Agents or Solicitors.

Insurance
Department

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That two additional sections be added to Article 23, of
the Code of Public General Laws of Maryland, title "Corpo-
rations," sub-title "Insurance Department," to follow after
Section one hundred and twenty-six, to be designated as Sec-
tion 126 A and Section 126B, said sections to read as follows:

Premiums
on policies.
Regulating
same

126A. No corporation or association, whether organized
under the laws of the State of Maryland or otherwise, and no
copartnership or individual, and no agent or employee of any
company, individual, association or firm, whether such person
be a licensed broker or otherwise, shall, directly or indirectly,
pay, except to the lawful agent or solicitor of such company,
and to him solely upon the premiums on policies issued by
the company for which he may be licensed agent or solicitor,
or to an insurance broker licensed by the State of Mar5'land,
any commission, reward or rebate in consideration of procur-
ing, or influencing others to procure, insurance from such
company, association, individual or firm, nor collect or agree
to collect from any person, whether or not the same may be
the owner of the property insured, or his agent, or other per-
son, any amount less than that expressed in the policy or
policies as being the premiums therefor; and any person
violating any of the provisions of this section shall be subject



 
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Session Laws, 1900
Volume 97, Page 824   View pdf image (33K)
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