ART. 23] MORTALITY——BURGLARY INSURANCE. 633

which may be necessary or proper to enable any of said insurance com-
panies to erect buildings for office or business purposes, or to enable
any of said insurance companies to foreclose any mortgages that may
be due said companies for loans made; provided, that all transactions.
as herein permitted, shall be in accordance with the laws now in force
regulating such transactions on the part of insurance companies incor-
porated under the laws of this State; all laws of this State, regulating
and providing for the purchase and holding of real estate by insurance
companies of this State shall be construed to bear with equal effect in
law upon companies of other States, purchasing or holding real estate
in the State of Maryland.

1904, art. 23, sec. 191. 1888, art. 23, sec. 141. 1884, ch. 5001

208. Any company, association, partnership or corporation, granting
insurance on the lives of persons under the age of ten years, and doing
business in the State of Maryland, or issuing policies on the lives of
(residents of this State, must value all its policies issued on the lives
of persons under the age of ten years, in accordance with the general
legal rules for the valuation of life insurance policies based on the
mortality table known as Farr's No. 3, for males; provided, that in no
case the valuation for the said policies on the lives of persons under
ten years of age shall be less than eight-tenths of the weekly gross or
office premiums thereon, with no credit deferred net premiums.

Ibid. sec. 192. 1898, ch. 308, sec. 141 A.

209. Any insurance company organized and incorporated on the
mutual plan, under the laws of this State and other States for the
purpose of insuring against loss or damage resulting from burglary or
robbery or attempt thereat and securing against the loss of money or
securities in course of transportation when shipped by registered mail,
shall be authorized, admitted and licensed to do business in this State,
as provided in the two succeeding sections.

Ibid. sec. 193. 1898, ch. 308, sec. 141 B.

210. Before arty such company shall be authorized to transact busi-
ness in this State, it shall have in force one thousand or more policies
on which the premium shall have been paid in cash or shall have been
evidenced by written contracts on which not less than one-fifth of the
amount shall have been paid in cash, and the cash contracts for
premiums shall amount in the aggregate to the sum of not less than one
hundred thousand dollars. The premium contract shall constitute a
part of the assets of the company.

Ibid. sec. 194. 1898, ch. 308, sec. 141 c.

211. Policy holders of any company organized and admitted to
transact business in this State under the two preceding sections shall