608 CORPORATIONS. [ART. 23

visions of this article; and any such company desiring to transact any
such business as aforesaid by an agent or agents in this State shall
appoint such agent or agents, who shall reside in this State, and shall
file in the office of the clerk of the superior court of Baltimore city a
certified copy of the vote or resolution of the directors appointing such
agent, to be recorded at the cost of such agent in a book to be specially
procured for that purpose; which appointment shall continue until
some other agent shall be in like manner appointed in his place, and
the appointment certified and recorded as aforesaid.

Where a foreign Insurance company has not complied with the require-
ments of this section and sections 161 and 182, and a Baltimore broker is
applied to for fire Insurance and he applies to certain brokers in New York,
and they apply to such insurance company; and the latter company mails
the policies to the New York brokers, who in turn send them to the Baltimore
broker, who delivers them to the insured, collects the premium and after
deducting his commission, forwards the balance through the brokers to the
insurance company; the receiver of such insurance company can not recover
assessments on such policies. Stevens v. Rasin Fertilizer Co., 87 Md. 683.

As to foreign Insurance companies, see also, sec. 182, et seq. As to foreign
corporations in general, aee sec. 90, et seq.

1904, art. 23, sec. 152. 1900, ch. 744, sec. 118 A.

160. Every insurance company, foreign or domestic, shall conduct
its business in this State in its own proper or corporate name, and the
policies and contracts of insurance issued by it shall be headed or
entitled only by its proper or corporate name.

Ibid. sec. 153. 1888, art. 23, sec. 119. 1868, ch. 471, sec. 103.

161. Said company shall also file in said clerk's office, to be recorded
as aforesaid, a certifed copy of its charter, together with a statement
under the oath of the president or vice-president and secretary, and to
be renewed annually, in the month of January of each year, setting
forth the name of the company and the place where located, the amount
of capital and the amount actually paid in, with a detailed statement
of its assets and its indebtedness, the amount of losses adjusted and
unpaid, the amount incurred and in process of adjustment, and any
other claims existing against the company; and in the case of life
insurance companies, the said certificate shall contain a statement,
under the oaths of said certifying .officers, that the said company has
invested in good securities, naming them, an amount equal to that
required of similar companies authorized to be incorporated under this
article, and that such securities are held in trust, and by whom, for the
benefit of persons who may effect insurance in said company. Any
person who shall act aa agent of any insurance company which has not
complied with the provisions contained in this section shall be subject
to a penalty of five hundred dollars for every day he shall so act, to be
recovered as other fines and penalties are recovered in this State, one-
half to the use of the informer and one-half to the use of the State.

See notes to sec. 159.

As to foreign insurance companies, see also, sea 182, et seq. As to foreign
corporations in general, see sec. 90, et seq.