INSURANCE. 659

sioner subject to sale and transfer and to the application of the proceeds
of any such sale only on the order of a court of competent jurisdiction. So
long as a company shall be solvent and not in default under any section of
this sub-title, it shall be entitled to receive the income from any deposit
made under any preceding section.

1931, ch. 530, sec. 191.

191. Annual Statement. Every company must transmit to the Com-
missioner a statement of its condition and business for the year ending
on the preceding 31st day of December, which statement shall be rendered
on the first day of January following, or within sixty days thereafter,
which statement must be in the form and state the particulars required
by the blanks prescribed by the Commissioner, and he may require at
any time statements from any company doing business within this State,
or from any of its officers or agents, on such points as he may deem neces-
sary and proper to elicit a full exhibit of its business and standing; all
of which statements must be certified to under oath by the proper officers
and/or agents of said company. No company having neglected to file a
statement required of it, within the time and manner prescribed, shall do
any new business after notification by the Commissioner, while such
neglect continues; and any company neglecting for thirty days to make
and transmit any statements required shall forfeit one hundred dollars
($100. 00) for each day's neglect.

1931, ch. 530, sec. 192.

192. Publication of Revocation or Refusal to Renew License. When
ever any license issued by the Commissioner to any company has been re-
voked or suspended by the Commissioner or whenever the Commissioner
has refused to renew a license, he may immediately publish the fact of the
revocation, suspension or refusal to renew such license in some daily news-
paper published in the City of Baltimore, and by such advertising or pub-
lication as he may deem proper.

1931, ch. 530, sec. 193.

193. Examination of Companies. Once at least during his term of
office the Commissioner shall cause the affairs of every company organized
under the laws of this State to be thoroughly inspected and examined with
special regard to its financial condition and its ability to fulfill its obliga-
tions, and shall ascertain and determine whether or not it has complied
with the laws of this State; he shall also cause an examination of every
such company to be made whenever he deems it prudent to do so. When-
ever the Commissioner may have reason to doubt the solvency or the
correctness of the statement of any foreign company which may have been
licensed to do business in this State, or which may be applying for said
license, he shall communicate such doubts, and the reasons therefor, to the
Insurance Commissioner, or other officer charged with the supervision of
similar companies of the State in which said company is located, and if