ART. 23] INSURANCE COMPANIES. 213

corporation may be substituted in place of any corporation so merged
or consolidated by order of the Court in which the action or proceeding
may be pending.

See article 23, sections 29 and 439.

1904, art. 23, sec. 154. 1890, ch. 254, sec. 119A. 1912, ch. 102, sec. 154.

162.* No insurance company doing business in this State shall make
or permit any discrimination or distinction in favor of individuals of
the same class and equal expectation of life in the amount of premiums
or rates charged for policies of life or endowment insurance, or for
policies insuring persons against accidental bodily injury, or in any of
the terms and conditions of the contracts it makes, as an inducement of
such insurance. Nor shall any such company, or any officer, agent,
solicitor or representative thereof, or any insurance broker, pay, allow
or give, or offer to pay, allow or give, directly or indirectly, as induce-
ment to such insurance, or after the insurance shall have been effective,
any rebate from the premium which is specified in the policy; nor shall
the insured, his agent or representative, directly or indirectly accept or
knowingly receive, any rebate from the premium specified in the policy,
or any special favor or advantage in the dividends or other benefits to
accrue thereon, or any paid employment or contract for services of any
kind, or any special advantage in date of policy or age of issue, or any
valuable consideration whatever, not specified in the policy. Nor shall
any such company, or its representative, procure for any person apply-
ing for insurance, or for any person acting in collusion with him in
seeking to avoid the penalty prescribed for violation of this section, a
State license for the purpose of allowing to such person a rebate. Pro-
vided that nothing in this section shall be so construed as to forbid a
company transacting industrial insurance on a weekly payment plan
with weekly collections of premiums at the houses of the insured, from
returning to policy holders who have made premium payments directly
to the company at its home office or district offices, the savings which the
company effects through such direct payments, and provided further
that nothing in this section shall be so construed as to forbid a company
issuing non-participating life insurance from paying bonuses to policy
holders out of surplus accumulated from such non-participating insur-
ance.

1904, art. 23, sec. 155. 1890, ch. 254, sec. 119B. 1912, ch. 102, sec. 155.

163.* No fire, casualty, surety or other insurance company, associa-
tion, partnerships, Lloyds or individual underwriters, authorized to do
insurance business in this State, or any officer, agent, solicitor or repre-
sentative thereof, shall make any contract for insurance on property or
risk located within this State against liability, casualty, accident or

* While sections 162-164 are referred to in the title and enacting clause of the
act of 1912, chapter 102, as being under the sub-title "Insurance Department,"
as a matter of fact they are under the sub-title "Insurance Companies."