INSURANCE 2189

Any person or company violating any provisions of any section of this
sub-title for which no specific penalty is therein provided, shall be deemed
guilty of a misdemeanor and shall be subject to a fine not less than one
hundred dollars or more than one thousand dollars for each and every such
offense. Any person or company making any wilfully false statement in
any annual statement, report or other written document required by any
section of this sub-title to be filed with the Commissioner under oath, or
while under oath administered by the Commissioner, Deputy Commis-
sioner or examiner which they are authorized by this sub-title to admin-
ister, at any investigation or hearing conducted by said Commissioner,
Deputy Commissioner or examiner, which they are authorized to conduct,
shall be deemed to be guilty of perjury and shall be proceeded against and
punished as provided by the statutes of this State in relation to the crime
of perjury.

1931, ch. 530, sec. 199.

233. (Exemptions.) The provisions of this sub-title shall not apply to
any company engaged in the business of issuing, negotiating, offering for
sale or selling contracts wherein the liability under such contracts is ade-
quately secured in advance of sale by the lien or pledge with an independent
trust company of property, real or personal, nor to any company engaged
in the business of issuing, negotiating or offering contracts for the sale
of securities where no payment is made to said company except upon the
contemporaneous 'delivery by said company to or for the account of the
purchaser of the securities agreed to be sold, nor to any domestic or for-
eign banks, banking institutions, banking companies, savings institutions,
trust companies, safe deposit companies, insurance companies, building
and loan associations, nor to contracts issued by a company for the pur-
pose of raising money for its principal business, if its principal business is
other than the issuing or negotiating or selling of contracts or obligations
described in Section 219 of this sub-title.

1931, ch. 530, sec. 2.

234. If any clause, sentence, paragraph or section of this sub-title
shall, for any reason, be adjudged by any court of competent jurisdiction
to be unconstitutional or invalid, such adjudication shall not affect, or
impair or invalidate the remainder thereof, but shall be confined in its
operation to the clause, sentence, paragraph or section thereof so found
unconstitutional or invalid. If any clause, sentence, paragraph or section
of this sub-title shall, for any reason, be adjudged by any court of com-
petent jurisdiction to be unconstitutional or invalid, in any particular
application, and the said clause, sentence, paragraph or section of this
sub-title shall be constitutional and valid when otherwise applied, such
adjudication shall not affect, impair or invalidate said clause, sentence,
paragraph or section, but shall be confined to the particular application so
found unconstitutional or invalid.

Non-Profit Hospital Service Plans.

1937, ch. 224, sec. 200.

235. (Non-Profit Hospital Service Plans.) Any corporation without
capital stock heretofore or hereafter organized, under the provisions of