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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1801   View pdf image (33K)
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INSURANCE. 1801

gaged in the examination of companies, the per diem provided by Section
50 to be paid by the Companies examined by him.

1922, ch. 492, sec. 10.

9. Clerks. The commissioner may also employ such clerks and assis-
tants as may be necessary for the proper discharge of the duties of his
department, at such compensation as shall be fixed and provided by the
budget.

1922, ch. 492, sec. 11.

10. General Powers and Duties of Commissioner. It shall be the duty
of the commissioner to see that all the laws of this state governing insurance
companies or relating to the business of insurance are faithfully executed.
He shall keep on file in his office duly certified copies of the charter, declara-
tion of organization or deed of settlement of every insurance company
authorized to do business in this state, and all other certificates and docu-
ments required by this article to be filed with him, and shall furnish any
such company applying therefor, certified copies of said documents filed
in his department. He shall furnish in December of each year to the
companies required by this article to report to him, the necessary blank
forms for the statements required, and shall carry out, fulfill and enforce
all the provisions of this article with reference to the supervision and regu-
lation of insurance companies and the business of insurance. It shall be
his duty to report in detail to the attorney general any violations of the
laws relative to insurance companies 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 may select, for any
violation of the provisions of this article. The commissioner is a necessary
party to any proceedings instituted for the purpose of closing up the affairs
of any company, when the same shall not be in the name of the State of
Maryland. The commissioner and the deputy commissioner shall have
the power to administer oaths to all witnesses who appear before them,
or either of them, in connection with any examination, investigation or
hearing, and also to require agents and brokers to produce any books, policies
or papers in their possession that may be needed in connection with any
hearing, examination or investigation of such agents or brokers.

1922, ch. 492, sec. 12.

11. Annual Report to Governor. The commissioner shall preserve in
permanent form a full record of his proceedings, and a concise statement
of the condition of each company visited or examined, and report annually
to the governor, on or before the first day of June, his official acts. 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 department; a copy of which said report to the governor he shall
forward to the insurance commissioner or other similar officer of every
other state of the United States, and to each company doing business in
this state; and on request he shall communicate to the insurance com-
missioner, or other proper officer of any other state, any facts which by

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1801   View pdf image (33K)
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