ODEN BOWIE, ESQUIRE, GOVERNOR.

769

CHAPTER 433.

AN ACT to repeal Section twenty-eight of Article
fifty-six of the Code of Public General Laws,
relating to Licenses to Foreign Insurance Com-
panies, and re-enact the same with amendments,
so as to read as follows:

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That Section twenty-eight of
Article fifty-six of the Code of Public General
Laws relating to Licenses to Foreign Insurance
Companies be and the same is hereby repealed and
re-enacted so as to read as follows:

License.

Section 28. Any agent or agents of foreign in-
surance companies doing business or proposing to
do business in this State shall pay for his or their
license to the Comptroller of the Treasury the sum
of three hundred dollars, annually, for each and
every Company represented by him or them, but
before the Comptroller shall issue said license, he
shall require a statement, under oath, of the true
financial condition of the office or offices proposed
to be represented by him or them, and for which
he or they may make application for license, and
of the amount of premiums charged or collected
within this State, by any such Company, during
the year next preceding such application, and if
the one and a half per cent, of said premiums shall
exceed the price of said license, there shall be paid
to the Comptroller before taking out a license for
the ensuing year, the whole excess of such one and
a half per cent, over and above said price; except
that marine insurance companies shall pay of such
excess only one-tenth of such one and a half per-

How much.

cent; and the Comptroller shall require as a con-
dition precedent to issuing of said license the exhi-
bition of authority from the parent office or offices
to accept service of all legal process against said
Companies.

Duty of Comp-
troller.

Sec. 2. And be it enacted, That this Act shall
take effect from and after the date of its passage,

Approved April 4, 1870.
49

In force,