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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1818   View pdf image (33K)
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1818 AETICLB 48A.

or other officer, or from the officers of the company, that the condition of
the company is such as to warrant him in permitting it to transact business
in this state, under the provisions of this article, he shall notify such com-
pany that it will be necessary for him to have its affairs examined. When-
ever an examination of any insurance company doing business in this state
shall be determined upon under the provisions of this article, the examiner
of the insurance department and such other person or persons who shall be
appointed by the insurance commissioner for that purpose shall visit such
company at its principal office and make a thorough examination into its
affairs; and if such company shall refuse to permit such examination, or
shall refuse free access to all its books and papers, or shall in any way
prevent or obstruct a thorough examination into its affairs, he shall not
grant a license to such company, or if a license shall already have been
granted, he shall at once revoke it and publish the fact of such revocation
in one daily newspaper published in the city of Baltimore. The examiner
of the insurance department shall be paid by the company whose affairs
are examined, his traveling and other expenses, and in addition thereto a
sum to be approved by the insurance commissioner, not exceeding, however,
fifteen dollars ($15) for each and every day that he shall be engaged in any
such examination; and such other person or persons who may be appointed
by the insurance commissioner for any of the purposes mentioned herein
shall each be paid by the company whose affairs are examined their travel-
ing and other expenses, and in addition thereto, a sum to be approved by
the insurance commissioner, not exceeding, however, ten dollars ($10)
per day for each and every day that he or they are engaged in any such
examination; except that the insurance commissioner may employ one
special examiner on any examination that in his judgment may require such
employment, who shall be paid by the company whose affairs are examined
his traveling and other expenses, and in addition thereto, a sum to be
approved by the insurance commissioner, not exceeding, however, twenty-
five dollars ($25) per day, for each and every day that he is engaged in
any such examination; and provided, further, that any official or employee
of the insurance department who shall be directed by the insurance com-
missioner to assist in the examination of any insurance company organized
and located outside of this state and doing business in this state, shall be
paid by such company his traveling and other expenses and such reasonable
compensation as shall be fixed by the insurance commissioner, in addition
to the salary paid such official or employee out of the funds of said depart-
ment. If the per diem and expenses in any case herein provided shall
remain unpaid after ten days from the completion of any such examination,
the insurance commissioner may sue therefor. For the purposes of any
examination authorized by law, the insurance commissioner, or the insur-
ance examiner, shall have power and is hereby authorized to summon any
person or persons being within this state, and to administer to him or them
the proper and necessary oath, and to examine him or them, under oath,
in relation to the affairs and conditions of any insurance company. In
order that the public may be fully informed as to the condition of all com-
panies doing business in this state, the result of the official examination

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1818   View pdf image (33K)
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