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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 646   View pdf image (33K)
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646 ARTICLE 45A.

(e) The location of the office or offices from which such contracts or
agreements are to be issued.

(f) That except as to the kinds of insurance hereinafter specifically
mentioned in this subdivision, applications shall have been made for in-
demnity upon at least one hundred separate risks aggregating not less than
one and one-half million dollars, represented by executed contracts or bona
fide applications to become concurrently effective. In the case of em-
poyers' liability or workmen's compensation insurance, applications shall
have been made for indemnity upon at least one hundred separate risks,
covering a total annual pay roll of not less than four million dollars, as
represented by executed contracts or bona fide applications to become con-
currently effective. In the case of automobile insurance, applications shall
have been made for indemnity upon at least one thousand motor vehicles,
represented by executed contracts or bona fide applications to become con-
currently effective on any or all classes of automobile insurance effected by
such subscribers through said attorney.

(g) That there is on deposit with such attorney and available for the
payment of losses, assets conforming to the requirements of Section 140
hereof.

(h) A financial statement in form prescribed for the annual report.

(i) An instrument authorizing service of process as provided in this
article.

An. Code, 1924, sec. 138. 1922, ch. 492, sec. 135. 1927, ch. 708, sec. 138.

138. Service of Process. Concurrently with the filing of the declara-
tion provided for by the terms of Section 137, the attorney shall file with
the insurance commissioner an instrument in writing, executed by him for
said subscribers, conditioned that upon the issuance of the certificate of
authority provided for in Section 143, action may be brought in the county
or city in which the property or risk insured thereunder is situated, and
service of process may be had upon the insurance commissioner in all suits
in this state arising out of such policies, contracts or agreements, which
service shall be valid and binding upon all subscribers exchanging at any
time reciprocal or inter-insurance contracts through such attorneys. Three
copies of such process shall be served and the commissioner shall file one
copy, forward one copy to said attorney and return one copy with his ad-
mission of service. Subscribers at any reciprocal or inter-insurance ex-
change operating under the laws of this State may sue or be sued in the
declared name of such exchange.

An. Code, 1924, sec. 139. 1922, ch. 492, sec. 136. 1927, ch. 708, sec. 139.

139. Limit of Liability. There shall be filed with the Insurance Com-
missioner by such attorney, whenever the commissioner shall so require, a
statement under oath of such attorney showing the maximum amount of
indemnity upon a single fire insurance risk, and no subscriber shall assume
on a single fire insurance risk an amount greater than ten per cent, of the
net worth of such subscriber.


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 646   View pdf image (33K)
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