2156 ARTICLE 48A

(j) That when a member or policyholder is injured or killed by acci-
dental means, compensation or indemnity shall be paid to him or his bene-
ficiary or beneficiaries according to the hazard of the occupation in which
he is actually employed at the time of injury or death, and in accordance
with a classification of risks to be prepared or adopted by the Insurance
Commissioner of Maryland.

An. Code, 1924, sec. 124. 1922, ch. 492, sec. 121.

158. (Licenses to Foreign Companies.) Upon compliance by any such
company organized outside of this state with the provisions of the preceding
section, such company shall be licensed and authorized to transact business
in this state, subject to all the provisions of the section immediately follow-
ing and to the annual renewal of its license at the times provided for the
renewal licenses of stock insurance companies transacting the same kinds
of insurance.

An. Code, 1924, sec. 125. 1922, ch. 492, sec. 122.

159. (Taxes, Fees, Reserves, Reports, Examinations, Publication,
etc.) Every mutual insurance company, whether organized within or with-
out this state, shall be subject to all provisions of the laws of this state
relating to policy forms, the supervision of rates, prohibition of discrimina-
tion rebates, annual reports, reserves, taxes and fees, expect¹ as herein
otherwise provided, that apply or relate to stock insurance companies doing
a similar class or classes of business. All mutual insurance companies in-
corporated under the laws of this state shall pay an annual license fee of
one dollar, and such companies incorporated elsewhere than in this state
and authorized to transact liability, compensation, casualty or miscellaneous
lines, shall pay the same annual license fees as are required of stock fire
insurance companies; provided, however, that when any other state imposes
upon any mutual insurance company incorporated under the laws of this
state, fees, taxes or charges in excess of or less than those prescribed by the
laws of this state for such mutual companies of other states, then such non-
resident mutual insurance companies shall pay to the insurance commis-
sioner of Maryland the same taxes, fees, or charges as are, or would be
collected by such other state from such mutual insurance companies incor-
porated under the laws of this state. Every mutual insurance company,
whether organized within or without this state, shall make its annual
report in such form and submit to such examinations and furnish such
information as may be required by the commissioner. Whenever such
mutual insurance companies shall furnish to their policyholders in this
state annually, a detailed statement of their financial condition, and shall
also furnish a copy thereof to the insurance commissioner for his approval,
they shall be exempt from the requirements of any laws of this state pro-
viding for advertising such statements in any newspaper. So far as prac-
ticable, the examination of mutual insurance companies organized outside
of this state shall be made in cooperation with the insurance departments
of other states, and the forms of annual report shall be such as are in
general use throughout the United States.

¹ Evidently a typographical error in the act.