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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 280   View pdf image (33K)
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280 ARTICLE 48A.

with the execution of the laws of this State in relation to insurance, and
which shall be assigned to the Division of Financial Review and Control,
and with respect to its administrative as distinguished from its judicial,
semi-judicial or discretionary functions shall be under the supervision and
direction of the Comptroller. The principal office of the said Department
shall be located in the City of Baltimore.

An. Code, 1924, sec. 5. 1922, ch. 492, sec. 6. 1927, ch. 394, sec. 5.

5. Deputy Insurance Commissioner. There shall also be a Deputy
Insurance Commissioner, who shall be appointed by the commissioner,
and who, in the event of the absence, death, resignation, disability or dis-
qualification of the commissioner, or in case the office of commissioner
shall for any cause become vacant, shall have and exercise all the powers
. and duties vested by law in the commissioner. He shall give bend to the

commissioner in such penalty as shall be determined by the commissioner,

and shall receive an annual compensation as fixed and provided by the
budget. In the event of the absence or disability of the Deputy Insurance
Commissioner, the Insurance Commissioner appointed and qualified under
Sections 3 and 4 of this article, may designate and appoint an Acting
Deputy Insurance Commissioner for the period covering the absence and/or

disability of such Deputy Insurance Commissioner.

An. Code, 1924, sec. 6. 1922, ch. 492, sec. 7. 1927, ch. 394, sec. 6.

6. Examiner. There shall be an examiner of the insurance depart-
ment, who shall be appointed by the commissioner and whose duty it shall
be to examine, under the direction of the commissioner, the condition and

affairs of every insurance company of this State and such other companies

doing business in this State as the commissioner may direct, in order that
the commissioner may know whether or not such companies are solvent
and in compliance with the laws of this State. Said examiner shall receive
an annual compensation as fixed and provided by the budget and the per
diem provided by Section 50, to be paid by the companies examined by
him.

An. Code, 1924, sec. 7. 1922, ch. 492, sec. 8. 1927, ch. 394, sec. 7.

7. Actuary. The Commissioner shall also appoint an actuary for the

department, who shall receive an annual compensation as fixed and pro-
vided by the budget and the fees provided by Section 40, to be paid by the
companies whose policies he shall value as required by law.

An. Code, 1924, sec. 8. 1922, ch. 492, sec. 9. 1927, ch. 394, sec. 8.

8. Auditor. The Commissioner shall also appoint an auditor for the
department, whose duties it shall be to examine and audit the annual
statements of all insurance companies authorized to do business in this
State, the books, accounts and affairs of the insurance department, and do

such other auditing as the commissioner may direct. He shall also, when
so directed by the commissioner, assist in the examination of companies,
and shall receive the annual compensation as fixed and provided by the


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 280   View pdf image (33K)
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