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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 284   View pdf image (33K)
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284 ARTICLE 48A.

(a) For filing the certified copy of charter, declaration of organization
or deed of settlement required by this Article to be filed as a condition
precedent to doing business in this State, the sum of twenty-five dollars.

(b) For filing each annual statement, the sum of twenty-five dollars.

(c) For the certificate of authority issued to each agent in this State of
every foreign fire or marine insurance company, the sum of two dollars.

(d) For the certificate of authority issued to each solicitor in this State
of every foreign fire or marine insurance company, the sum of two dollars.

(e) For the certificate of authority issued to each agent in this State
of every foreign insurance company other than fire or marine, the sum of
two dollars.

(f) For the certificate of authority issued in this State to each insur-
ance agent or solicitor of every insurance company incorporated under the
laws of this State, the sum of fifty cents.

(g) For each abstract of its annual statement for publication, two
dollars.

(h) For every copy of every paper filed in the insurance department, the
sum of twenty-five cents per folio; and for affixing the official seal to such
copy, the sum of one dollar.

(i) For valuing policies of life insurance companies thirty dollars per
million of insurance, or any fractional part thereof.

(j) For official examination of companies under this Article, the charges
specified in Section 50 of this Article.

An. Code, 1924. sec. 50. 1922, ch. 492, sec. 50. 1927, ch. 394, sec. 50.

50. Examination of Companies. Once at least during his term of
office the commissioner shall cause the affairs of every insurance company
organized under the laws of this State to be thoroughly inspected and ex-
amined with special regard to its financial condition and its ability to ful-
fill its obligations, and shall ascertain and determine whether or not it
has complied with the laws of this State; he shall also cause an examina-
tion of every such company to be made whenever he deems it prudent to
do so, or upon the request of five or more of the stockholders, creditors,
policyholders, or persons pecuniarily interested therein, who shall make
affidavit of their belief, with specifications of reasons thereof, showing a
prima facie case that such company is in an unsound condition. Whenever
the insurance commissioner may have reason to doubt the solvency or the
correctness of the statement of any foreign company which may have been
licensed to do business in this State, or which may be applying for said
license, he shall communicate such doubts, and the reasons therefor, to
the insurance commissioner, or other officer charged with the supervision of
insurance corporations of the state in which said company is located, and
if he is not satisfied from the information obtained from such insurance
commissioner 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


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 284   View pdf image (33K)
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