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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2132   View pdf image (33K)
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2132 ARTICLE 48A

any property so insured, the said unauthorized company is hereby author-
ized through its agent or agents to enter this State for the purpose of
adjusting any such loss or damage sustained under said policies, but not
to solicit insurance in such unauthorized companies.

An. Code, 1924, sec. 76. 1922, ch. 492, sec. 73.

98. (Stamping Policies in Unauthorized Companies.) It shall be the
duty of the commissioner to stamp all policies issued in non-admitted
companies "Unauthorized Company, Tax paid," or "Unauthorized Com-
pany, no Tax." Provided, however, that railway companies and other
common carriers engaged in inter-state commerce, may place insurance
without complying with the requirements of this section and sections
96 and 97.

An. Code, 1924, sec. 77. 1922, ch. 492, sec. 74. 1924, ch. 159.

99. (Stamping Policies in Authorized Companies.) All policies of in-
surance against loss or damage to property in this State from fire, lightning
or tornado issued by companies authorized to transact such business in
this State, or by any mutual company or association or by any association,
partnership, Lloyd's, individual underwriters, or reciprocal association,
authorized or permitted to do any insurance business within this State,
shall have plainly marked or stamped in indelible ink on each policy the
words following, "Authorized to do business in the State of Maryland,"
to which shall be affixed a facsimile of the signature of the insurance com-
missioner. The commissioner shall furnish stamps for the purpose herein
prescribed at a cost not to exceed two dollars for each stamp, to be paid
by all such authorized companies.

An. Code, 1924, sec. 78. 1922, ch. 492, sec. 75. 1933, ch. 429.

100. (Penalties for Violation of Sections 96, 97, 98 and 99.) Any per-
son who shall, with intent to avoid the payment of the tax on insurance
in unauthorized companies as provided by Section 97, make a false affi-
davit, shall be guilty of perjury and shall be proceeded against and pun-
ished as provided by the statutes of this State in relation to the crime of
perjury, and any policy of insurance obtained by means of such false
affidavit shall be void, and the license or authority for such unauthorized
insurance shall be cancelled by the Commissioner. The obtaining or pos-
session of any such policy insuring against loss on property situated in
this State issued by companies not authorized to do business in this State,
without complying with the provisions of Sections 96, 97, 98 and 99 shall
be a misdemeanor, and any person convicted thereof shall be subject to a
fine not less than one hundred dollars or more than one thousand dollars,
or imprisoned in the jail of Baltimore City or of the county of this State
where such offense may be committed, for a period not less than one month
or more than six months, in discretion of the court having jurisdiction.
Any person who shall act as intermediary in any manner in procuring or
delivering any policy of insurance in violation of any of said Sections
96, 97, 98 or 99 shall be subject to all the penalties of this section above
enumerated.

An. Code, 1924, sec. 79. 1922, ch. 492, sec. 76.

101. (Reinsurance Reserve.) Every company doing a fire or inland in-
surance business in this state, shall be charged with and maintain as any


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2132   View pdf image (33K)
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