pensation by one of the methods designated in the preceding
paragraphs of this section, must furnish satisfactory proof to
the Commission of his financial ability to pay such compensa-
tion himself, in which case the Commission may, at any time
and from time to time in its discretion, require the deposit
with the Commission of securities, such as are accepted by
the Equity Courts of Baltimore City for the investment of
trust funds and in an amount or amounts to be determined by
the Commission, to secure the liability of the employer to pay
the compensation specified in this Act; and in order to be in-
formed as to the continued financial responsibility of any such
employer the Commission may require reports from him an-
nually or at such other times as the Commission may deem
necessary or advisable and may examine such employer under
oath or make such other examination of his business as the
Commission may determine. If he should fail to furnish such
satisfactory proof, or give bond, or deposit such securities as
required by the Commission, or if he should at any time fail
to render satisfactory reports to the Commission or otherwise
satisfy the Commission of his continued financial ability to
pay the compensation himself, he shall be subject to the pro-
visions of the first paragraph of this section of this Act and
shall be required by the Commission to insure as provided in
the first paragraph of said this section, unless he, at once, in-
sure voluntarily as provided in the second paragraph of this
section.

Any employer, subject to the provisions of this Act, who,
after November first, nineteen hundred and fourteen, fails
or refuses to submit to said Commission, as provided in the
next succeeding paragraphs,the method he desired to adopt
for assuring compensation, shall be guilty of a misdemeanor,
and shall be subject to a fine of not less than five hundred nor
more than five thousand dollars. The Court may, in its dis-
cretion, remit any such penalty, provided the employer in de-
fault assures the compensation as provided in this section.

Any such employer who may wish to adopt any one of the
methods mentioned in the preceding paragraphs for assuring
the payment of compensation to his employees and their de-
pendents, shall first submit to the State Industrial Accident
Commission the method he wishes to adopt. The said Commis-
sion may approve or reject the method proposed. If rejected,
the employer may submit another method authorized, under
this Act. The said Commission may from time to time revise