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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3273   View pdf image (33K)
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694
Company
neglecting
not to do new
business
To file a
written stipu-
lation
Ceasing to
maintain
such agent.
Before com-
mencing
business.
LAWS OF MARYLAND.
those of the secretary or actuary. No company,
. having neglected to file a statement required of it.
within the time and manner prescribed, shall do any
new business, after notification by the Insurance
Commissioner, while such neglect continues; and
any company or association neglecting to make and
transmit any statement required, shall forfeit one
hundred dollars for each day's neglect; and any per-
son or company wilfully making a false statement in
any report to the Insurance Commissioner, is liable
to the fines imposed by section thirty-six of this Act.
33. No insurance company not of this State, nor
.its agents, shall do business in tins State until it has
filed with the Insurance Commissioner of tills State
a written stipulation, duly authenticated by the com-
pany, agreeing that any legal process affecting the
company, served on the Insurance Commissioner or
the party designated by him, or the agent specified
by said company to receive service of process for the
company, shall have the same effect as if served per-
sonally on the company within this State; and if
such company should cease to maintain such agent
in tills State, so designated, sue}) process may thereafter he served on the Insurance Commissioner; but
so long as any liability of the stipulating company to
any resident of tins State continues, such stipulation
cannot be revoked or modified, except that a new
one may be substituted so as to require or dispense
with service at the office of said company within this
State, and that such service of process, according to
this stipulation, shall he sufficient personal service on
the company; the term process includes any writ,
summons or order whereby any action, suit or pro-
ceedings shall be commenced, or which shall be
issued in or upon any action, suit or proceedings.
34. Before any insurance company shall commence
business in this State the following conditions, in
addition to those imposed by the preceding sections
of this Act, must be complied with: it must be fully
organized; if it be a company not of this State a
copy of its charter duly accepted, or its declaration
of organization or deed of settlement duly approved
and certified by the Insurance Commissioner or

 

 
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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 3273   View pdf image (33K)
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