ART. 23] INSURANCE DEPARTMENT. 223

Tenth. The insurance commissioner shall preserve in permanent
form a full record of Lis proceedings, and a concise statement of the
condition of each company visited or examined, and report annually
to the governor, on or before the first day of June, his official acts;
and shall, on the first day of December, annually, report to the comp-
troller the fees received and expenses of his department for the year
then to end, and pay into the treasury all excess of receipts over dis-
bursements ; and in his report to the governor, he shall report the con-
dition of the companies doing business in this State, and such other
information as will exhibit the affairs of his department; a copy of
which said report to the governor he shall forward to the insurance
commissioner or other similar officer of every other State of the United
States, and to each company doing business in this State; and on
request he shall communicate to the insurance commissioner, or other
proper officer of any other State, any facts which by law it is his duty
to ascertain respecting companies of this State doing business within
such other State; and at the request of any person, and on payment
of the proper fee, as hereinafter provided, he shall give certified copies
of any record or paper in his office when he deems it not prejudicial
to the public interest so to do, and he shall give such other certificates
as this sub-title provides for; and he shall adopt and renew from time
to time, when necessary, with the approval of the governor, a seal of
office, an impression and description of which, with the governor's cer-
tificate of approval, shall be filed with the Secretary of State.

Eleventh. All stock corporations doing the business of bonding and
casualty insurance, whether incorporated under the laws of Maryland
or of some other State and authorized by the Insurance Department
to transact such business in this State, shall at all times keep and
maintain adequate reserves sufficient to pay the claims which may have
been filed against such corporations, and also reserves for unearned
premiums, said reserves to be estimated as hereinafter described.

Twelfth. The reserve for outstanding losses under insurance against
loss or damage resulting from accident to or injuries suffered by an
employee or other person and for which the insured is liable, and
under insurance against loss from liability on account of the death of
or injury to an employee not caused by the negligence of the employer,
shall be determined as follows: Each corporation which writes policies
covering any of the said kinds of insurance shall include in the annual
statement required by the insurance laws of this State a schedule of its
experience thereunder, in the United States and foreign countries in
the case of corporations organized in the United States, and in the
United States only in the case of corporations organized outside of
the United States, giving each calendar year's experience separately,
and crediting or charging each item to the year in which the policy
to which it relates was written, as follows: (1) The earned premium
on all such policies written during the period of ten years immediately