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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3270   View pdf image (33K)
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WM. PINKNEY WHYTE, ESQUIRE, GOVERNOR. 691

29. If any person, body politic or corporate, shall
make, negotiate, or solicit within this State, any con-
tract of insurance, or shall effect an insurance or in-
surances, or pretend to effect an insurance or insu-
rances, or receive and transmit any offer or offers of p
insurance or insurances, or receive, or deliver a not
policy or policies of insurance, or connect any other ing
person or persons with them in any policy they may
at the time hold, or advertise, or circulate any card,
circular, notice, open or keep any office for the trans-
action of said business, without complying fully with
all the provisions of this Act, shall be subject to
the fines imposed by section thirty-six of this Act,
and it shall be the duty of the Comptroller to publish
annually, in the month of June, in at least two news-
papers, one of which shall be published in Baltimore
city, the names of all general agents authorized to
do business in this State, together with the names of
the companies they are licensed to represent.
30. No declaration of organization or charter of To
an insurance company, formed under any general law mit<
of this State, and no alteration or amendment thereof11'1
shall be operative, until it has been submitted to the exam
Attorney General for examination, and found by
him to be in accordance with the provisions of this
Act, and of such general law, and not inconsistent
with the Constitution and Laws of this State, and so
certified by him and delivered to the insurance com-
missioner; and before any insurance company of
this State shall do any business, the insurance com-
missioner shall examine the officers of said company
under oath, which examination shall be certified to0
under oath of said commissioner, that the capital (
therein required of the company named in the char-
ter, according to the nature of the business pro-
posed to be transacted by such company, to an
amount of not less than one hundred thousand dol-
lars, has been paid in in money, and is held by the
Board of Directors subject to their actual control,
according to the provisions of the charter of said
company, or has been by them invested in securities
negotiable and worth in the market not lees than the
sum of one hundred thousand dollars; or, if a mu-

ally for
comply-
with this
be Biib-
te'd to
orsey
[General tor
initiation.
examine
? officers.

 

 
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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3270   View pdf image (33K)
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