INSURANCE 2103

any of the securities mentioned in this section and held by any insurance
company reporting to him are of doubtful market value, or without any
ascertainable value on the exchange, to cause the same to be appraised by
two disinterested and competent persons, whose estimate of the value of
such securities shall be taken to be the value thereof, unless the company,
by placing some of them upon the market, and obtaining a bona fide offer
therefor, shall so establish for them a different value; provided further,
that it may also be loaned upon first mortgages which the Federal Housing
Administrator has insured or has made a commitment to insure or invested
in mortgage notes or bonds so insured, and neither the limitations of this
section nor any other law of this State requiring security upon which loans
shall be made, or prescribing the nature, amount or form of such security,
or limiting the interest rates upon loans, shall be deemed to apply to such
insured mortgage loans.

An. Code, 1924, sec. 26. 1922, ch. 492, sec. 27.

26. (Business Shall be Conducted in Own Name.) Every insurance
company, foreign or domestic, shall conduct its business in this state in its
own proper or corporate name, and the policies or contracts of insurance
issued by it shall be headed or entitled only by its proper or corporate name.

An. Code, 1924, sec. 27. 1922, ch. 492, sec. 28.

27. (Misleading Name.) No insurance company of this state shall as-
sume the name of any foreign or domestic corporation, or one so closely
resembling it as to mislead the public as to its identity.

An. Code, 1924, sec. 28. 1922, ch. 492, see. 29. 1924, ch. 161. 1935, ch. 149.

28. (Admission of Foreign Companies.) No foreign insurance com-
pany shall, directly or indirectly, transact any business of insurance in this
State unless and until it shall be fully organized and possessed of the
amount of capital and surplus required of similar companies formed
under the laws of this State, and until the following conditions shall have
been fully complied with and there shall have been granted by the Com-
missioner a license to said company. There shall be filed with the Insur-
ance Commissioner, first, a copy of its charter, declaration of organization
or deed of settlement, duly certified by the proper official of its home State,
with his certificate that said company is entitled to assume risks and issue
policies therein; secondly, a power of attorney appointing the Insurance
Commissioner of the State of Maryland as agent or attorney for the com-
pany, upon whom process of law may be served, together with a certified
copy of the vote or resolution of the directors appointing such attorney.
Said writing or power of attorney shall stipulate and agree, on the part of
the company making the same, that any lawful process against said company
which is served on such agent, shall be of the same legal force and validity
as if served on such company within this State, and also, that in case of
the death or absence of the attorney so appointed, service of process may
be made upon the Deputy Insurance Commissioner. Said power of attor-
ney cannot be revoked or modified so long as any policy or liability re-
mains outstanding against such company in the State. The term process,
used above, shall be held and deemed to include any writ, summons, or
orders whereby any action, suit, or proceeding shall be commenced, or