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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 293   View pdf image (33K)
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INSURANCE. 293

specifically refused. Any foreign association desiring admission to this
State shall have the qualifications required of domestic associations organ-
ized under this Article, and have its assets invested as required by the
laws of the State, territory, district, country or province where it is or-
ganized. For each such license or renewal the association shall pay the
Commissioner twenty-five dollars. When the Commissioner refuses to li-
cense any association or revokes its authority to do business in this State
he shall reduce his ruling, order or decision to writing and file the same
in his office, and shall furnish a copy thereof, together with a statement
of his reasons, to the officers of the association upon request, and the action
of the Commissioner shall be reviewable by proper proceedings in any
court of competent jurisdiction within the State; provided, however, that
nothing contained in this or the preceding section shall be taken or con-
strued as preventing any such association from continuing in good faith all
contracts made in this State during the time such association was legally
authorized to transact business herein; provided, however, that all such
licenses to be issued January 1, 1928, shall be issued and paid for pro rata
for the period of eighteen months ending June 30, 1929.

An. Code, 1924, sec. 181. 1922, ch. 492, sec. 178. 1929, ch. 226, sec. 181 (p. 721).
181. Every fraternal beneficiary association organized or licensed
under this Article is hereby declared to be a charitable and benevolent
institution.

1927, ch. 614.

183. Any fraternal benefit society authorized to do business in this
state that is one hundred per cent. (100%) solvent and has been doing
business in Maryland for six or more years and has been one hundred per
cent. (100%) solvent for the entire period, and operating on the lodge
plan may provide in its constitution and by-laws, in addition to other ben-
efits provided therein, for the payment of death or annuity benefits upon
the lives of children upon the application of some adult person upon whom
such child is dependent for support and maintenance. Any such society
may, at its option, organize and operate branches for such children, and,
membership in local lodges and initiation therein shall not be required of
such children, nor shall they have any voice in the management of the
society. The total benefits payable as above provided shall in no case
exceed the following amounts at ages at next birthday at time of death,
respectively, as follows: One, fifty dollars; two, seventy-five dollars;
three, one hundred dollars; four, one hundred fifty dollars; five, one hun-
dred seventy-five dollars; six, two hundred dollars; seven, two hundred
fifty dollars; eight, three hundred twenty-five dollars; nine, four hundred
dollars; ten, five hundred dollars, eleven, six hundred dollars, twelve
seven hundred dollars, thirteen, eight hundred dollars; fourteen, nine hun-
dred dollars; fifteen and over, one thousand dollars. No benefit certificate
as to any child shall take effect until after medical examination or inspec-
tion, in accordance with the by-laws of the society, nor shall any such bene-
fit certificate be issued unless the society shall simultaneously put in force


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 293   View pdf image (33K)
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