954 WORKMEN'S COMPENSATION. [ART. 101

Corporate Insurance.

1914, ch. 800, sec. 29.

29. Every policy for the insurance of the compensation herein pro-
vided for, or against liability therefor, shall be deemed to be made sub-
ject to the provisions of this Article. No company or association shall
enter into any such policy of insurance until such company or associa-
tion shall first obtain from the Insurance Commissioner of Maryland
a license of authority for the purpose, which said Commissioner of
Insurance shall have full power and authority from time to time to
determine the adequacy of its or their premium rates for carrying com-
pensation insurance as provided in this law, and until the form of such
policy shall have been approved by the State Industrial Accident Com-
mission; and said Insurance Commissioner shall have full power and
authority to require said insurance companies to establish and main-
tain adequate rates to cover respective risks to which their policies are
applicable under the provisions of this Article. Any person violating
the provisions of this Section shall be subject to a fine of not less than
one hundred nor more than one thousand dollars for each offense.

1914, ch. 800, sec. 30.

30. Every policy of insurance covering the liability of the employer
for compensation issued by a stock company or by a mutual association
authorized to transact workmen's compensation insurance in this State,
shall contain a provision setting forth the right of the Commission
to enforce in the name of the State of Maryland for the benefit of the
person entitled to the compensation insured by the policy either by
filing a separate application or by making the insurance carrier a
party to the original application, the liability of the insurance carrier
in whole or in part for the payment of such compensation; provided,
however, that payment in whole or in part of such compensation by
either the employer or the insurance carrier shall to the extent thereof
be a bar to the recovery against the other of the amount so paid.

Every such policy shall contain a provision that, as between the em-
ploye and the insurance carrier, the notice to or knowledge of the occur-
rence of the injury on the part of the employer shall be deemed notice
or knowledge, as the case may be, on the part of the insurance carrier;
the jurisdiction of the employer shall, for the purpose of this article,
be jurisdiction of the insurance carrier and that the insurance carrier
shall in all things be bound by and subject to the orders, findings, deci-
sions or awards rendered against the employer for the payment of com-
pensation under the provisions of this article.

Every such policy shall contain a provision to the effect that the
insolvency or bankruptcy of the employer shall not relieve the insur-
ance carrier from the payment of compensation for injuries or death
sustained by an employe during the life of such policy.

Every contract or agreement of an employer the purpose of which is
to indemnify him from loss, or damage on account of the injury of an