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The Maryland Code, Public General Laws, 1888
Volume 389, Page 337   View pdf image
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ART. 23.] CORPORATIONS—INSURANCE DEPARTMENT. 337

tion incorporated in this State, shall be deemed guilty of a mis-
demeanor, and be subject to the penalty as in section 138.

1888, ch. 424.

132. No corporation of this State shall assume the name of
any such foreign or home corporation as described in section 127,
nor one so closely resembling it as to mislead the public as to its,
identity.

Ibid.

133. The insurance commissioner of this State may examine
all such corporations as described in section 127, in order to
verify the correctness of the annual report required by law to be
made to him.

Ibid.

134. Any organization, as described in section 127, doing
business upon the industrial or weekly payment plan, whether of
this or other States or districts, shall require from each of its
agents or collectors in this State a good and sufficient bond for
not less than fifty dollars, and for failure to do so shall be liable to
the penalty prescribed in section 138, and for all damage the
public may have sustained by such negligence; provided, that the
informant shall receive one-half of the fine imposed in any con-
viction under this section.

P. G. L., (1860,) art. 56, sec. 33. 1858, ch. 482, sec. 3. 1872, ch. 888. 1874,
ch. 400. 1876, ch 248. 1878, ch. 106.

135. Every insurance company, including individuals, part-
nerships, 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 busi-
ness for the year ending on the preceding thirty-first day of
December, which statement shall be rendered on the first day of
January following, or 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 fol-
lowing first of July,) which statements must be in the form and
state the particulars required by the blanks prescribed by the
insurance commissioner; and he may require at any time state-
ments from any company doing business within this State, or

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 337   View pdf image
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