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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 110   View pdf image (33K)
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110 DOMESTIC INSURANCE COMPANIES. [ART. —.
ARTICLE —.

Domestic Insurance Companies.

1 Joint stock insurance companies
to make annual statements to comptrol-
ler what to contain fee to comptroller.

2 Statements to be published- pen-
ally.

1868, c. 294, entitled an act to add a new article to the Code of Public General Laws,
to be entitled " Domestic Insurance Companies," providing for annual reports of the
condition of the said several insurance companies incorporated under the laws of
this state, and doing business within the limits thereof, enacts the following:

1868, c 291
Joint stock in-
surance compa-
nies to make
annual state-
ments to comp-
troller.

SEC. 1. Every joint stock insurance company organ-
ized under the laws of this state, and doing business of
insurance therein, shall make annually, on the first day
of January, or within thirty days thereafter, to the
comptroller of the treasury, a statement of the con-
dition of said company, verified by the oath of its

What to con-
tain

president or secretary, which statement shall give the
amount of its chartered capital, the amount of capital
actually paid in, the amount of losses due and unpaid,
the amount of losses ascertained but not yet due, the
amount of losses reported but not yet adjusted, and all
other liabilities of every nature and kind whatsoever,
together with a detailed list of all its assets, whether
in real estate, bond and mortgage, public stocks, stock
notes, premium notes, or other personal security, desig-
nating the amount, if any, secured by its own stock, or
in cash, and at the time of rendering such statement

Fee to comp-
troller.

each company shall pay to the comptroller a fee of ten
dollars.

Statements to
be published

2. Every company as aforesaid shall cause the state-
ment rendered by it to the comptroller, to be published
on the first Monday in the month of February, in the
same year, daily for one week, in one or more news-
papers of the place where said company is located; and
if any company as aforesaid shall fail to make the
required return of its condition within the time herein
designated, or to make the publication thereof within
the month of February aforesaid, the said company



 

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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 110   View pdf image (33K)
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