368

INSURANCE COMPANIES. [ART. 42.

however, that subagents or solicitors who may be appointed by the
general agent of any life insurance company in this State shall only
be required to pay for their certificates of authority the sum of two
dollars; for each abstract of their annual statements for publication,
two dollars; for every copy of any paper filed in the insurance de-
partment, the sum of twenty cents per folio; and for affixing the
official seal to such copy and certifying the same, one dollar; for
valuing policies of life insurance companies, thirty dollars per mil-
lion of insurance, or any fractional part thereof, for official examin-
ations of companies under this act, the actual expenses inclined;
provided, that the filing of the papers with the insurance commis-
sioner, as required by this act, shall be in lieu of all papers now re-
quired by law to be filed with the comptroller and clerk of the Su-
perior Court of Baltimore City.

1878, c 106
Penalty for
making, etc.
insurance with-
out full compli-
ance With this
act.

6. Any person, body politic or corporate, who shall make, ne-
gotiate, or solicit within this State any contract of insurance, or
shall effect an insurance or insurances, or pretend to effect an in-
surance or insurances, or receive and transmit any offer or offers of
insurance or insurances, or receive or deliver a policy or policies of
insurance, or connect any other person or persons with them in any
policy they may at the time hold, or advertise or circulate any card,
circular, notice, or open or keep any office for the transaction of
said business, except as insurance broker duly licensed, without
fully complying with all the provisions of this act, shall be subject
to the fines imposed by section nine hereof.

1878, c 106.
When statement
to be made.

7. Every insurance company, including individuals, partnerships,
joint stock associations, and corporations, conducting any branch of
insurance business in this State, must transmit to the insurance
commissioner a statement of its condition and business for the year
ending on the preceding thirty-first day of December, which state-
ment shall be rendered on the first day of January following or

Statements of
foreign com-
panies.

within sixty days thereafter (except that foreign companies may
transmit their statement of business, other than that done in the
United States, at any time prior to the following first day of July),
which statements must be in the form and state the particulars re-
quired by the blanks prescribed by the insurance commissioner,
and he may require at any time statements from any company
doing business within this State, or from any of its officers or
agents, on such points as he may deem necessary and proper to
elicit a full exhibit of its business and standing, all of which state-
ments herein required must be certified by the signatures and oath
of the president or vice-president of the company, with that of the
secretary or actuary. No company having neglected to file a state-
ment required of it within the time and manner prescribed shall do

On failure after
notification to
cease doing new
business

any new business, after notification by the insurance commissioner,
while such neglect continues; and any company or association neg-
lecting for thirty days to make and transmit any statement required

Penalty.

shall forfeit one hundred dollars for each day's neglect, and any per-