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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 285   View pdf image (33K)
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INSURANCE. 285

notify such company that it will be necessary for him to have its affairs
examined. Whenever 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 commis-
sioner, for each and every day that he shall be engaged in any such exami-
nation; and such other person or persons who may be appointed by the in-
surance commissioner for any of the purposes mentioned herein shall each
be paid by the company whose affairs are examined their traveling and other
expenses, and in addition thereto, a sum to be approved by the insurance
commissioner, 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, 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 commissioner 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 ex-
penses 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 department. If the per diem and expenses in any
case herein provided shall remain unpaid after ten days from the com-
pletion of any such examination, the insurance commissioner may sue
therefor. For the purposes of any examination authorized by law, the
insurance commissioner, or the insurance 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 condi-
tions of any insurance company. The result of the official examination of
any such company may, at the discretion of the Commissioner, be published
within thirty days thereafter at the expense of said company in one daily
newspaper published in the City of Baltimore in such condensed form as

shall show the true condition of the company examined. Should any in-
surance company organized under the laws of this State refuse to permit


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 285   View pdf image (33K)
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