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The Maryland Code, Public General Laws, 1888
Volume 389, Page 333   View pdf image
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ART. 23.] CORPORATlONS—INSURANCE DEPARTMENT. 333

with, and there has been granted by the insurance commissioner
a certificate of authority or license, for which said company,
individuai, resident or non-resident, or association, or their agent,
shall pay into the State treasury the sum of two hundred dollars
and shall also pay into said treasury a tax of one and one-half
per centum on the amount of premiums actually collected,
received or secured in this State, or from residents thereof
during the last license year, by or for said company, individual,
resident or non-resident, partnership or association, deducting
only from the amount of such premiums the amount of losses
actually paid in this State during the same period, for or by said
company, individual, resident or non-resident, partnership or
association, under policies of insurance granted therein; but
without any deduction for expenses for endorsements which may
have been paid, or for any other cause whatever. A report of
the premiums so collected, and the losses paid by or for any such
company, as above, must be made to the insurance commissioner,
under oath of the chief accounting officer of such company, or
of its general agent for this State, at the time of obtaining the
licence hereinabove provided for. Any company applying for
admissipn into this State shall pay for license in like proportion
for a fractional part of a year, so that all licenses issued shall
expire on the thirty-first day of December next ensuing; in addi-
tion to the above license and tax, there shall be paid by each
insurance company, individuai, resident or non-resident, partner-
ship or association, whether of this State or otherwise, doing
business in this State, the following fees to defray the expenses
of executing the provisions of this article: upon filing the
declaration or certified copy of charter, hereafter admitted to
do business in this State, twenty-five dollars; upon filing each
annual statement, twenty-five dollars; for each certificate of
authority which each agent of every insurance company, not
organized under the laws of this State, is hereby required to
obtain, the sum of ten dollars; provided, however, that sub-
agents 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 these respective 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

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 333   View pdf image
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