938

LAWS OF MARYLAND.

dent or Vice-President and Secretary, and to be
renewed annually, in the month of January of
each year, setting forth the name of the company
and the place where located, the amount of capital
and the amount actually paid in, with a detailed
statement of its assets and its indebtedness, the

Life insurance

amount of losses adjusted and unpaid, the amount
incurred and in process of adjustment, and any
other claims existing against the company ; and
in the case of life insurance companies the
said certificate shall contain a statement, under
the oaths of said certifying officers, that the said
company has invested in good securities, namin'g
them, an amount equal to that required of similar
companies authorized to be incorporated under this
Article, and that such securities are held in trust,
and by whom, for the benefit of persons who may

File certifi-
cate.

effect insurance in said company. The first cer-
tificate herein required shall be filed by all com-
panies doing business in this State, on or before
the first day of July, eighteen hundred and sixty-
eight, and any person who shall, after the first
day of July, eighteen hundred and sixty-eight,
act as agent of any insurance company which has
not complied with the provisions in this Section

Liability of
agents.

contained, shall be subject to a penalty of five
hundred dollars for every day he shall so act, to
be recovered as other fines and penalties are recov-
ered in this State, one-half to the use of the infor-
mer, and one-half to the use of the State.

May insure.

Sec. 104. And be it enacted, That any corpora-
tion formed under this Article may insure the pro-
perty, real, personal or mixed, which any married
woman may own jointly or in severally, in the
same manner as if she were a feme sole, and any
guardian may with the assent of the Orphans'
Court, by which he shall have been appointed, in-
sure in any company formed under this Article,
any property which the ward or wards of such
guardian may own, either jointly or in severalty,
and such insurance shall have the same effect in
all respects as if the minor whose property is thus
insured, were of full age and had made such in-
surance himself.

Sec. 105. And be it enacted. That every insur-
ance company formed under the provisions of this