|
ART. 23] INSURANCE DEPARTMENT. 101
some person or persons by him appointed, and for that purpose
the person or persons by him appointed shall visit such company
at its principal office, and make a thorough examination into all
its affairs. And if such company shall refuse to permit such
examination, or shall refuse free access to all its books and
papers, or shall in any way prevent or obstruct a thorough
examination into its affairs, he shall not grant a license to such
company, or if a license shall already have been granted, he
shall at once revoke it, and publish the fact of such revocation
in one daily newspaper published in the city of Baltimore; and
the person or persons by him appointed for any of the purposes
mentioned herein, shall each be entitled to a sum not exceeding
ten dollars ($10) a day for each and every day he or they are
engaged in any such examinations, and in addition thereto, he or
they shall be paid his or their traveling and other expenses, which
said per diem and expenses shall be paid by the company whose
affairs are examined, and if not paid within ten days after the
completion of such examination, may be sued for by the Insur-
ance Commissioner. For the purpose of any examinations
authorized by law, the Insurance Commissioner or the person or
persons by him appointed shall have power to summon and
examine any person being within this State, under oath, which
said Insurance Commissioner or said person or persons by him
appointed, are hereby authorized to administer, in relation to the
affairs and condition of any insurance company, and, in order
that the public may be fully informed as to the condition of all
companies doing business in this State, the result of the official
examination of any such company, within thirty days thereafter,
in such condensed form as shall show the true condition of the
company examined, shall be published by the Insurance Commis-
sioner, at the expense of the company, in one daily newspaper
printed and published in the city of Baltimore. And should
any insurance company, organized under the laws of this State,
refuse to permit its affairs to be examined as herein provided, or
refuse free access to its books or papers, or in any manner what-
ever prevent a thorough examination into its affairs, the said
Insurance Commissioner shall proceed against said company in
the manner provided in the ninth sub section of section 122 of
this article.
|
 |