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ART. XXIII] INSURANCE DEPARTMENT. 133
same shall not be in the name of the State of Maryland; it shall be the
duty of the insurance commissioner to report in detail to the attorney-
general any violation of the laws relative to insurance companies, their
officers or agents, or the business of insurance: and he shall have power
to institute suits and prosecutions, either by the attorney-general. or
such other attorney as the attorney-general mav select, for any violation
of the provisions of this sub-title.
Eighth. For every company doing fire and inland insurance busi-
ness in this State he shall calculate the re-insurance reserve for unex-
pired fire and inland risks by taking fifty per centum of the premium
received on all unexpired risks that have less than one year to run, and
a pro rata of all premiums received on risks that have one year or longer
to run, and in marine insurance he shall charge sixty per centum of the
amount of premiums written in its marine policies upon yearly risks
and risks covering more than one passage, not terminated, and the full
amount of premium under its policies upon all other marine risks less
than one year, not terminated; provided, that the foregoing require-
ments or re-insurance reserve when applied to companies organized un-
der the laws of foreign governments shall be calculated only upon the
business of such company in the United States, and only the assets of
such company held and invested in the United States shall be recog-
nized as constituting the reserve fund so required.
Ninth. Having charged the company the re-insurance reserve as
above determined, for fire, inland and marine insurance, and adding
thereto all debts and claims against the company, he shall, in case he
finds the capital stock of the company impaired to the extent of twenty-
five per cent., give notice to the company to make good its whole capita]
stock within sixty days; and if this is not done he shall require the
company to cease to do new business, within this State; and shall there-
upon, in case the company is organized under the authority of this
State, immediately institute such legal proceedings as are necessary to
protect the rights of all persons in said company.
Tenth. The insurance commissioner shall preserve in permanent.
form a full record of his proceedings, and a concise statement of the con-
dition 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 thirty-first day of December, the thirty-first day of March, the
thirtieth clay of June and the thirtieth day of September, in each and
every year, report to the Comptroller and pay into the State Treasury all
moneys received by him from all sources, save and except the moneys
received by him as the fees of his office; and shall, on the first day of
December, annually, report to the Comptroller the fees received and ex-
penses of his department for the year then to end, and pay into the treas-
ury all excess of receipts over disbursements; and in his report to the
Governor he shall report the condition of the companies doing; business in
this State, and such other information as will exhibit the affairs of his
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