INSURANCE. 1793

ARTICLE 48A.

INSURANCE.1

1. Definitions. Insurance Department. 2. Title and jurisdiction. 3. Insurance commissioner. 4. Qualifications; compensation; bond. 5. Deputy insurance commissioner. 6. Examiner. 7. Actuary. 8. Auditor. 9. Clerks. 10. General powers and duties of com- missioner. 11. Annual report to Governor. 12. Shall remit receipts of office quarterly. General Provisions. 13. Formation of insurance corporations. 14. Powers and purposes. 15. Certificate to be approved by com- missioner before recording. 16. Classes of business that may be com- bined. 17. Capital stock.

18. Cancellation and re-issue of capital stock. 19. Deposit of securities by domestic com panies. 20. Deposit by industrial life insurance companies. 21. Deposit of securities by foreign com- panies. 22. Additional deposits. 23. Exchange and surrender of deposits. 24. Sale of and income from deposits. 25. Investment of reserves. 26. Business shall be conducted in own name. 27. Misleading name. 28. Admission of foreign companies. 29. Certificate of authority to domestic company. 30. Annual statement. 31. Publication of abstracts of annual statements. 32. Publication of revocation of license. 33. Conditions precedent to beginning business. 34. License fees of foreign life companies.

1 The act of 1922, ch. 492, repealed all of the sections of art. 23, " Corporations,"
under the sub-titles " Insurance Companies," " Insurance Department," " Insurance
Broker," " Fire Marshal," " Fraternal Societies, Orders or Associations" and " Trust,
Surety and Fidelity Companies " (as well as such parts of secs. 106 to 119 of that article
as relate to guaranty, surety or other insurance companies, or the insurance business).
IT) lieu thereof the act of 1922 enacted a new insurance article to be known as art. 48A.
There are a number of cases which construed or dealt with the sections of art. 23, re-
pealed as aforesaid, but as the act of 1922 enacted an entirely new article, it is difficult,
and in some cases impossible, to allocate those decisions to any particular sections of
the new article. At the same time it does not seem desirable to omit these decisions
entirely, and hence the decisions dealing with sections of art. 23 under the first three
sub-titles above named are collected in this footnote under the number of the section
of art. 23 of the An. Code of 1912 to which they refer. For similar decisions dealing
with sections under the sub-title "Fraternal Societies," etc., see footnote to see 140
(this article).

152. This section referred to in construing secs. 193 and 229 of art. 23, An. Code,
1912—see notes thereto (this footnote and footnote to sec. 146). International Fraternal
Alliance v. State, 86 Md. 558.

Cited but not construed in Munich Co. v. United Surety Co., 113 Md. 221.

As to process against insurance companies, in addition to secs. 103 and 118, of art. 23,
see art. 75, sec. 27, and sec. 138 (this article).

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