ART. 42. ] INSURANCE COMPANIES.
the insurance commissioner is a necessary party to any proceedings
instituted for the purpose of closing up the affairs of any insurance
company when the same shall not be in the name of the State of
Maryland. It shall be the duty of the insurance commissioner to
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365
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report in detail to the attorney-general any violation of the laws rela-
tive to insurance companies, their officers or agents, or the business of
insurance; and he shall have power to institute suits and prosecutions,
either by the attorney-general, or such other attorney as the attorney-
general may select, for any violation of the provisions of this act.
Tenth. — The insurance commissioner shall preserve in permanent
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Violations re-
ported to attor-
ney-general
Suits, etc,
instituted.
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form a full record of his proceedings, and a concise statement of
the condition of each company visited or examined, and report
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Record of pro-
ceedings.
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annually to the governor on or before the first day of June his
official acts; and shall, on the first day of December, annually,
report to the comptroller the fees received, and expenses of his
department for the year then to end, and pay into the treasury
all excess of receipts over disbursements, and in his report to the
governor he shall report the condition of the companies doing
business in this State, and such other information as will exhibit
the affairs of his department; a copy of which said report to the
governor he shall forward to the insurance commissioner or other
similar officer of every other State of the United States, and to
each company doing business in this State, and, on request, he
shall communicate to the insurance commissioner, or other proper
officer, of any other State, any facts which by law it is his duty to
ascertain respecting companies of this State doing business within
such other State; and at the request of any person, and on pay-
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Report to
governor and to
comptroller
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ment of the proper fee as hereinafter provided, he shall give certi-
fied copies of any record or paper in his office, when he deems it
not prejudicial to public interest so to do; and he shall give such
other certificates as this act provides for; and he shall adopt and
renew, from time to time, when necessary, with the approval of the
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Certified copies
of records, etc.
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governor, a seal of office, an impression and description of which,
with the governor's certificate of approval, shall be filed with the
secretary of state
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Seal of office
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3. No declaration of organization or charter of an insurance
company formed under any general law of this State, and no altera-
tion or amendment thereof shall be operative until it has been sub-
mitted to the attorney-general for examination, and found by him
to be in accordance with the provisions of this act and of such
general law, and not inconsistent with the Constitution and laws of
this State, and so certified by him and delivered to the insurance
commissioner; and before any such company shall begin to do any
business, the insurance commissioner shall examine the officers of
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1878, c 106
Charters, etc,
submitted to
attorney-
general
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said company under oath, to ascertain whether the capital required
of the company named in the charter, according to the nature of
the business proposed to be transacted by such company, to an
amount of not less than one hundred thousand dollars, has been
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Commissioner
to ascertain it
capital required
has been paid
in.
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