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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 635   View pdf image (33K)
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INSURANCE. 635

proper to consummate any such loans and to provide for the repayment
thereof. The Commissioner shall be under no obligation personally, or in
his official capacity as Insurance Commissioner to repay any loan made
pursuant to this Section.

1933 (Special Sess. ), ch. 40. sec. 51K.

51K. Within one year from the date of the entry of an order of re-
habilitation of a domestic mutual insurance company, the Commissioner
shall make a report to the court setting forth the reasonable value of the
assets of the company, its probable liabilities, and the probable necessary
assessment, if any, to pay all allowed claims in full.

Upon the basis of such report, including any amendments thereof, the
court may levy one or more assessments against all members of such mutual
company against whom the board of directors of such company might have
levied any assessment upon the date of the order authorizing rehabilitation.
Such assessment or assessments shall cover the excess of the probable lia-
bilities over the reasonable value of the assets together with the cost of
collection and the probable percentage of uncollectibility thereof, but the
total of all such assessments against any member shall not exceed the
maximum amount fixed in the contract of that member. The Commis-
sioner shall thereupon begin proper proceedings to collect such assessments
from the members, or shall make sale thereof under Section 51-1 of this
Article.

1933 (Special Sess. ), ch. 40. sec. 2.

51L. In so far as the provisions of this sub-title are in conflict with
other Acts or parts thereof, the provisions of this sub-title shall control.

1933 (Special Sess. ), ch. 40, sec. 3.

51M. Should any section or part of a section of this sub-title be held
to be invalid for any reason, such holding shall not be construed as affect-
ing the validity of any of the remaining sections or part of a section of
this sub-title, it being the legislative intent that the remainder of this
sub-title shall stand, notwithstanding the invalidity of such section or part
of section.

Provision in insurance may eliminate one of steps required of Injured party
by statute by omitting requirement of unsatisfied execution. Bass v. Standard
Ace. Ins. Co., 70 Fed. (2nd), 87.

Fire Investigation Bureau.

An. Code, 1924, sec. 56. 1922, ch. 492, sec. 55. 1927, ch. 394, sec. 56.

56. Special, Deputy for Investigation of Fires. That in order to carry

out and perform the powers and duties conferred by Section 56, the

commissioner is authorized to appoint and remove at please an additional

deputy, at such compensation as fixed and provided by the budget, and


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 635   View pdf image (33K)
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