ART. 23] INSURANCE DEPARTMENT. 229
1904, art. 23, sec. 169. 1900, ch. 512, sec. 126B. 1914, ch. 618. 1914, ch. 749.
186.* No corporation or association authorized to transact business
in this State, and no co-partnership or individual, resident or non-resi-
dent, shall write any policy of insurance, or assume any liability in the
matter of insurance upon any property, real or personal, situate in this
State, unless such policy, certificate or other evidence of liability
assumed by said corporation, association or individual shall have been,
previous to delivery, signed or countersigned by an officer or agent, resi-
dent in this State, authorized by law to sign such policy or contract;
provided, however, that policies issued by railway corporations insuring
the rolling stock and other movable property of said road, and those
insuring the liability of such railroads as common carriers, shall be
subject, to the requirement that they.shall be signed by the resident agent
in cases only where more than one-half the trackage of the roads operated
by such railway companies is situate in the State of Maryland. Every
corporation, association, co-partnership and individual, resident or non-
resident, engaged in business in this State shall pay to its legally
licensed agent or agents, in the State of Maryland, for signing or coun-
tersigning any policy, certificate or other evidence of liability assumed
by said corporation, association or individual, the same rate and amount
of commissions as if such policy, certificate or other evidence of liability
had been issued through said agent or agents residing in the State of
Maryland; and no agent or agents shall sign or countersign any policy,
certificate or other evidence of liability, upon any property situated in
this State, for an amount less than the commissions allowed on any
policy, certificate or other evidence of liability issued through an agent
or agents residing in this State. The premiums on all policies so signed
or countersigned shall be included in the report of gross premiums
. required to be made to the Insurance Commissioner by all companies
not organized under the laws of this State. Any person violating the
provisions of this Section shall be subject to the fines imposed by Sec-
tion 205 of this Article.
1904, art. 23, sec. 175. 1888, art. 23, sec. 127. 1860, art. 56, sec. 32. 1858, ch. 432,
sec 4. 1872, ch. 388. 1874, ch. 400. 1876, ch. 248. 1878, ch. 106.
1880, ch. 387. 1888, ch. 424. 1894, ch. 258. 1914, ch. 813.
192. Any person, body politic or corporate, partnership or associa-
tion, who or which shall make, negotiate -or solicit within this State
any contract of insurance, including the guaranty or insurance of the
titles to real or personal property, or shall effect an insurance or insur-
ances, or pretend to effect an insurance or insurances, or connect any
other person or persons with them in any policy they may at the time
hold, or shall do any business of insurance of any kind, or make any
*Chapter 618 of the acts of 1914 repealed and re-enacted section 186 in iden-
tically the same language as chapter 749. Chapter 749 having been approved on
April 16th, 1914, whereas chapter 618 was approved on April 13th, 1914, the
former prevails.
|
|