INSURANCE. 1819

of any such company, in such condensed form as shall show the true condi-
tion of the company examined, shall be published within thirty days there-
after by the insurance commissioner, at the expense of said company, in one
daily newspaper published in the city of Baltimore. Should any insurance
company organized under the laws of this state refuse to permit its affairs
to be examined as herein provided, or refuse free access to its books or
papers, or in any manner whatever prevent a thorough examination, the
said insurance commissioner shall proceed against said company in the
manner provided in section 51.

1922, ch. 492, sec. 51.

51. Liquidation of Insolvent or Illegally Conducted Companies. When-
ever the insurance commissioner shall have reason to believe that any insur-
ance company is insolvent, or fraudulently conducted, or that its assets are
not sufficient for carrying on the business of the same, or during any non-
compliance with the provisions of this article, it shall be his duty to make
complaint thereof to the judge of either of the circuit courts of Baltimore
city, or any judge of the circuit court for the county where the company or
agent may be located, as the case may be; which judge shall, upon the
requisition of the commissioner, appoint a commission, consisting of the
insurance commissioner and two disinterested and competent persons,
whose duty it shall be to examine every detail of the business and condition
of said company and report, in writing, the result of such examination to
the judge appointing them, who shall, if in his judgment the charges of
insolvency, fraud, neglect or abuse, as charged by the insurance commis-
sioner, are sustained by the said report, at once issue an injunction sus-
pending the business of said company. The commissioner shall institute,
or cause to be instituted, the necessary proceedings under the laws of this
state, to close the affairs of any insurance company of this state which shall
appear to him, upon examination, to be insolvent or to be fraudulently
conducted.

1922, ch. 492, sec. 52.

52. Proceedings to Vacate Charter. Whenever the attorney general of
the state or the state's attorney for the city of Baltimore or for any county
of the state shall be required by the insurance commissioner to institute
proceedings against any insurance company incorporated under the laws
of this state, to ascertain whether such corporation has been guilty of such
misuse, abuse or nonuser of its corporate powers and franchises, as by law
would authorize and make proper the forfeiture of its charter, corporate
powers and franchises, the said attorney general or state's attorney, as the
case may be, shall file with the superior court of Baltimore city, or the
circuit court for the county, as the case may be, a petition in the name of
the state, setting fourth fully in detail the alleged abuse, misuse or nonuser,
by reason whereof the forfeiture is sought; and upon the filing of such
petition, the court in which it is filed, or any judge thereof, shall lay a rule
requiring the said company or corporation to show cause, within such time
as the said judge may deem proper, why a decree of forfeiture should not