514 LAWS OF MARYLAND. [Ch. 355]

director, officer or agent of, or directly or indirectly interested
in any insurance company except as insured, shall be appointed
as such Insurance Commissioner. Said State Insurance Com-
missioner shall hold office during the term for which he is
appointed and until his successor is appointed and qualified,
unless sooner removed for cause by the Governor, Comptroller
and Treasurer, and shall give bond to the State of Maryland
in the sum of fifty thousand dollars for the faithful perform-
ance of his duties. There shall also be a deputy insurance
commissioner, who shall be appointed by the State Insurance
Commissioner, and shall receive an annual salary of twenty-
two hundred and fifty dollars, payable only out of the receipts
of said office, and in the event of the death, resignation, disa-
bility or disqualification of the State Insurance Commissioner,
or in case the office of insurance commissioner shall become
vacant, the said deputy insurance commissioner shall have and
exercise all the powers and duties vested by law in the State
Insurance Commissioner. And the said deputy insurance com-
missioner shall give bond to the State Insurance Commissioner
in a penalty to be determined by the commissioner. The State
Insurance Commissioner is also authorized to appoint an act-
uary for said Insurance Department at an annual salary of
five hundred dollars, in addition to the fees prescribed by sec-
tion 167 of this article, and also to employ such clerical assist-
ance as he may deem necessary for the proper discharge of the
duties and efficiency of his department; provided, however, that
the salary and fees of such actuary and clerks shall be paid
only out of the receipts of said Insurance Department; and
provided further, that he shall not exceed the sum of seventy-
five hundred dollars per annum for the pay of such clerical
assistance.

SEC. 2. And be it enacted, That nothing contained in this
act shall be so construed as to vacate the present term of office
of the Insurance Commissioner, and the present incumbent
shall hold his said office under this act for the remainder of the
term for which he has been appointed, unless sooner removed
for cause.

SEC. 3. And be it enacted. That this act shall take effect
from the date of its passage.

Approved April 15, 1912.