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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 228   View pdf image (33K)
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228 CORPORATIONS. [ART. 23

missioner, in computing the tax upon premiums collected in this State
by fire and marine insurance companies, may allow credit for return
premiums on cancelled policies and for re-insurance effected in com-
panies authorized to do business in this State. Any company applying
for admission in this State shall pay for license in like proportion for a
fractional part of a year, so that all licenses issued shall expire at mid-
night on the thirty-first day of December next ensuing the date of issue.
In addition to the above license and tax, there shall be paid by each
insurance company, individual, resident or non-resident, partnership or
association, whether of this State or otherwise, doing business in this
State, the following fees to the Insurance Commissioner to defray the
expenses of executing the provisions of this article, upon filing the dec-
laration or certified copy of charter hereafter admitted to do business in
this State, twenty-five dollars; upon filing each annual statement,
twenty-five dollars; for each certificate of authority which each general
agent of every insurance company not organized under the laws of this
State and doing herein the business of insurance in any of its branches,
is hereby required to pay the sum of ten dollars; and for each certificate
of authority issued to any agent or solicitor who may be appointed by
any fire or marine insurance company, except such as may be chartered
under the laws of this State, the sum of ten dollars; and for each
certificate of authority issued to a solicitor of any insurance company
other than one transacting fire or marine business by request of such
company or of the general agent thereof in this State, the sum of two
dollars, and provided, that all certificates of authority issued to agents
or solicitors of insurance companies shall expire at midnight on the
thirty-first day of December next ensuing the date of issue; for such
abstract of their annual statement for publication, two dollars; for every
copy of any paper filed in the Insurance Department, the sum of twenty
cents per folio, and for affixing the official seal to such copy and certify-
ing the same, one dollar; for valuing policies of life insurance com-
panies, thirty dollars per million of insurance or any fractional part
thereof; for official examination of companies under this article, the
charges specified in section 178 of this article, and the certificates of
authority issued to any agent or solicitor of an insurance company
doing the business of insurance in any of its branches, shall have speci-
fied upon its face the name of the company for which said solicitor is.
authorized to act; provided that nothing contained herein shall amend
or repeal section 187 to 191, both inclusive, of Article 23 of the Anno-
tated Code or Chapter 541 of the Acts of the General Assembly of Mary-
land of 1910.

See notes to this section (as it stood in 1911) in volume 1 of the Anno-
tated Code.

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 228   View pdf image (33K)
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