632 CORPORATIONS. [ART. 23

securities required by this section shall be made with the treasurer of
this State, and it shall be the duty of the treasurer to assign and change,
or surrender any such securities so held by him, upon the joint applica-
tion of the insurance commissioner and the company to which they
belong. And the treasurer shall make no transfer of such securities
except upon such joint application of the insurance commissioner and
the company by whom they have been deposited, and all such transfers
must be countersigned by the insurance commissioner.

When a New York superintendent of insurance in whom the law of that
state vested a discretion to refuse a foreign insurance company a license,
unjustifiably refuses such license to a Maryland company, the Maryland
Insurance commissioner, as a measure of retaliation under this section, is
justified in refusing a license to a similar New York company, although
such company has complied with the requiremtints of section 182. Design
and operation of this section. Talbott v. Fidelity, etc., Co., 74 Md. 541

This section referred to in construing section 132—see notes thereto. Oland
v. Agricultural Ins. Co., 69 Md. 251.

For a case dealing with the act of 1878, ch. 106, section 36, see State v.
Insurance Co. of North America, 55 Md. 494.
Cited but not construed in Metropolitan Ins. Co. v. Dempsey, 72 Md. 293.

1904, art. 23, sec. 189. 1888, art. 23, sec. 139. 1880, ch. 387.

206. The insurance commissioner shall, annually, at the time of
issuing a license to each insurance company doing business in this State,
publish an abstract of the annual statement required by this article, of
each insurance company doing business in this State, once a week for
three consecutive weeks, in a daily newspaper published in the city of
Baltimore, except that in case of insurance companies of this State
having their principal office in one of the counties of this State, the
newspaper selected for such publication must be published in the
county where such company is located; the companies shall, in addition,
publish in another paper, said abstract, three consecutive times; and
the insurance commissioner and the company shall cause the first
appearance of the publication of the fire insurance companies prior to
the first day of March, and of life insurance companies prior to the
first day of April; and the actual net cost of said publication by the
insurance commissioner he is hereby authorized to collect from each
company, the abstract of whose statement is so published by him; and
provided also, that any corporation, association, partnership or individ-
ual doing a life insurance business in this State on the co-operative or
mortality assessment plan, shall not be subject to the provisions of sub-
sections second, third, fourth, fifth and eighth of section 178 and of
section 203 of this article, nor to any other provisions of this article
not applicable to the co-operative plan, but shall in all other respects
comply with the provisions of this article and any amendments thereto.

Ibid. sec. 190. 1888, art. 23, sec. 140. 1874, ch. 9.

207. Any insurance company, incorporated under the laws of any
other State, may acquire by purchase, or any other manner, and take,
receive, hold, use, employ, manage, dispose of, or deal with, any prop-
erty, real, personal or mixed, and situate in the State of Maryland,