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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1829   View pdf image (33K)
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INSURANCE. 1829

guilty of a misdemeanor and shall be subject to a penalty of five hundred
dollars for each such offense, one-half for the use of the state and the
other half to the informer.

1922, ch. 492, sec. 69.

72. Sheriffs Shall Furnish List of Insurance Brokers. It shall be the
duty of the sheriff of the city of Baltimore and the sheriff of each county
throughout the state to furnish the insurance commissioner, prior to the
first day of May in each and every year, the names of all persons con-
ducting the business of " Insurance Broker " within the respective juris-
diction of each of said sheriffs, for which he shall receive a fee of fifty
cents for each license issued by the insurance commissioner.

Fire Insurance.

1922, ch. 492, sec. 70.

73. Insurance of Property by Guardians, etc. Any domestic company
may insure the property, real, personal or mixed, which any married
woman may own jointly or in severalty, in the same manner as if she were
femme sole; and any guardian may, with the assent of the Orphan's Court
by which he shall have been appointed, insure in any domestic company
any property which the ward or wards of such guardian may own, either
jointly or in severalty, and such insurance shall have the same effect in all
respects as if the minor whose property is thus insured were of full age,
and had made such insurance himself.

1922, ch. 492, sec. 71. 1924, ch. 160.

74. Unauthorized Insurance. All persons obtaining insurance on prop-
erty situate in this State (owned by individuals or firms resident in this
State, or corporations incorporated under the laws of this- State), from
companies, associations, firms or corporations not authorized to transact
business in this State, shall file with the Insurance Commissioner a state-
ment or declaration setting forth the name of the company, number of
policy, amount of insurance, rate, premium and description of property;
shall be required to pay a tax thereon of five per cent, of the premium
paid on such policies to the said commissioner, and shall further pay a fee
to said Insurance Commissioner of one dollar on each policy for making
a record of the said statement or declaration. Any insurance broker placing
insurance on property situate in this State in companies not authorized
to transact business in this State, shall, between the first and tenth days
of each month, submit in writing to the commissioner a true list pf such
policies of insurance so placed by him in the preceding month, together
with a statement or declaration setting forth the information above required.
Upon the failure of any broker to so file the true list, statement and declar-
ation herein specified, within the limit of time herein mentioned, the
Insurance Commissioner may suspend his or their license for a period not
exceeding ninety days.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1829   View pdf image (33K)
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