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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 653   View pdf image (33K)
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INSURANCE. 653

The expense of such examination shall be paid by the association exam-
ined, upon statement furnished by the Insurance Commissioner, and the
examination shall be made at least once in three years. Whenever after
examination the Insurance Commissioner is satisfied that any domestic
association has failed to comply with any provisions of this Article, or is
exceeding its powers, or is not carrying out its contracts in good faith,
or is transacting business fraudulently, or wherever any domestic associa-
tion after the existence of one year or more shall have a membership of
less than 400 (or shall determine to discontinue business), the Insurance
Commissioner may present the facts relating thereto to the Attorney
General who shall, if he deem the circumstances warrant, commence an
action in quo warranto in a court of competent jurisdiction, and such
court shall thereupon notify the officers of such association of a hearing;
and if it shall then appear that such association should be closed, said
association shall be enjoined from carrying on any further business, and
a receiver shall be appointed, in the manner authorized by Section 51 and
Section 51A of this Article.

176. Repealed by ch. 428 of the Acts of 1933.

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 bene-
fits 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-


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 653   View pdf image (33K)
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