|
|
|
|
|
|
|
ART. XXIII] INSURANCE DEPARTMENT. 125
one dollar on each policy for making a record of the said statement
or declaration, which record shall be kept for the private information
of the insurance department of this State, and shall not be a public
record.
Any insurance broker or brokers placing insurance on property sit-
uate in this State against fire, lightning or tornado, in companies,
associations, firms or corporations not authorized to transact business
in this State, shall, between the first and tenth days of each month, sub-
mit in writing to the Insurance Commissioner a true list of such poli-
cies of insurance so placed by him in the preceding month, together
with a statement or declaration setting forth the information above
required. Such information shall be kept for the private information
of the Insurance Department, and shall not be a public record.
Upon the failure of any broker or brokers to so file the true list, state-
ment and declaration herein specified, within the limit of time herein
mentioned, the Insurance Commissioner may suspend his or their
license for a period not exceeding ninety days.
173. Repealed. (Act 1.918, ch. 400.)
Insurance Department.
1904, art. 23, sec. 158. 1888, art. 23, sec. 121. 1860, art. 56, sec. 27.
1858, ch. 432, sec. 1. 1872. ch. 388. 1874, ch. 400. 1876,
ch. 248. 1878, ch. 106. 1000, ch. 700. 1912,
ch. 355. 1918. ch. 451. sec. 175.
175. There shall be a distinct department to be known as the State
Insurance Department, which shall be charged with the execution of
the laws of this State in relation to insurance, the principal office for
which shall be located in the City of Baltimore. The chief officer of
said department shall be appointed by the governor, comptroller and
treasurer, or by a majority of them, for the term of four years, and
shall be known as the State Insurance Commissioner of Maryland, who
shall receive an annual salary of twenty-five hundred dollars, provided,
however, that no person who is a director, officer or agent of, or directly
or indirectly interested in any insurance company except as insured,
shall be appointed as such insurance commissioner. Said State Insur-
ance Commissioner shall hold office during the term for which he is
appointed and until his successor is appointed and qualified, unless
sooner removed for cause by the governor, comptroller, and treasurer,
and shall give bond to the State of Maryland in the sum of fifty thou-
sand dollars for the faithful performance of his duties. There shall
also be a deputy insurance commissioner, who shall be appointed by
the State Insurance Commissioner, and shall receive an annual salary
of twenty-two hundred and fifty dollars, and in the event of the death,
resignation, disability or disqualification of the State Insurance Com-
missioner, or in case the office of insurance commissioner shall become
vacant, the said deputy insurance commissioner shall have and exercise
|
|
|
|
|
|
|
|
 |
