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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 528   View pdf image (33K)
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528

CORPORATIONS.

[ART. 23

145. Streets, etc., not to be opened
through cemetery.
140. Lots held only for burial.
147. Certificate of title to lot
148. Mutilation of tombs; penalty.

Gas and Electric Light Companies.

149. Powers of gas-light companies.
150. Of electric-light companies.
151. One competing company may
lease or buy the stock of an-
other.

Insurance Companies.

152. Amount of capital stock.
153. What branches of insurance busi-
ness company may engage in.
154. May be mutual or stock or mutual
and stock companies.
155. Mutual or co-operative life, acci-
dent or health insurance com-
panies may become joint stock
corporations; rights of policy
holders.
156. Life and accident companies.
157. Life and health insurance compa-
nies to have guaranteed capital
of not less than $100,000. Secu-
rities to that amount to be de-
posited with State treasurer.
Change of such securities.
158. Wife's insurance of husband's life.
159. Foreign to have like capital as do-
mestic companies.
160. Every insurance company to con-
duct business in its own corpo-
rate name.
161. Foreign companies to file their
charter with clerk.
162. Life insurance companies may not
discriminate in favor of indi-
viduals of the same class iu pay-
ment of premiums.
163. No State license for allowance of
rebate to be procured.
164. Penalty for violation of aforego-
ing provisions.
165. Insurance of wife's and minor's
property.
166. Statements to be filed by persons
insured in companies not au-
thorized to do business In Md. ;
tax and fee; private record.

167. When tax need not be paid; affi-
davit: license. Companies au-
thorized to settle losses.
168. False oath; concellation of license.
169-170. Penalties.
171. Policies to be stamped; proviso.
172. How authorized companies to
stamp policies.
173. No application to mutual compa-
nies.
174. Publication of sections 166-173.

Insurance Department.

175. Insurance commissioner. How ap-
pointed. Tenure. Salary. His
actuary and clerks. Their sala-
ries.
176. Insurance commissioner may em-
ploy counsel. His compensation :
how paid.
177. Insurance examiner.
178. Special duties of commissioner :
particular enumeration of.
179. Actuary shall report violations of
law.
180. Charters to be approved by attor-
ney general; examination by In-
surance commissioner.
181. Conditions under which "Lloyds"
may transact business.
182. Conditions upon which foreign in-
surance companies may transact
business in this State.
183. Additional conditions.
184. License to agents and solicitors.
Tax on premiums collected. Fees
to Insurance commissioner; sub-
agents or solicitors.
185. Payment of commissions to unli-
censed agents or solicitors pro-
hibited. Penalty.
186. Policies to be valid must be signed
by authorized officer or agent
resident in this State. Proviso
as to rolling stock and movable
property of railroads. Premiums
to be reported to Insurance com-
missioner.
187. License of authority must be ob-
tained by certain surety or guar-
anty companies.
188. When license shall be Issued.



 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 528   View pdf image (33K)
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