402

LAWS OF MARYLAND.

Proviso.

provided, however, that the licenses now issued shall

run until the first of May next, and the licenses

hereafter shall be issued to expire January first next

thereafter, for which the proper proportion of the

year from the time issued to January next succeed-

ing, shall be charged in each year; and any com-

pany applying for admission into the State, shall pay

Shall pay for

for license in like proportion for the fractional part

fraction al part

of a year. In addition to the above license and tax,

of year.

there shall be paid by each company, individual,

resident or non-resident, or association doing busi-

Fees.

ness in this State, the following fees to defray the

expenses of executing the provisions of this article :

upon filing the declaration or certificate copy of

charter, twenty-five dollars; upon filing the annual

statement or certificate in lieu thereof, twenty-five

dollars; for each certificate of authority, which each

agent or solicitor is hereby required to obtain, two

dollars; for every copy of any paper filed in the

department, the sum of twenty cents per folio; and

for affixing the official seal to such copy and certify-

ing the same, one dollar; for valuing policies of life

insurance companies, thirty dollars per million of

insurance or any fraction thereof; for official exami-

nation of companies under this act, the actual

Proviso.

expenses incurred; provided, that the filing of the

papers with the insurance commissioner as provided

by this act, shall be in lieu of all papers now re-

quired by law to be filed with the Comptroller and

Clerks of the Superior Court for Baltimore city ;

Proviso,

and provided, in case the necessary expenses of said

insurance department exceed the amount of fees

collected under this act, the excess of such expenses

shall be annually assessed by the insurance com-

missioner in equal shares upon all the insurance

companies doing business in this State; and the

commissioner has power to collect such assessment

to defray the expenses of the insurance department,

it being the purpose of this act that the expenses

of the insurance department shall not be paid from

the State Treasury.

34. Before any insurance company shall com-

Conditions.

mence business in this State, the following conditions,

in addition to those imposed by the preceding sec-