102 CORPORATIONS. [ART. 23

1894, ch. 260.

123 A. Associations of individuals, citizens of the United
States, whether organized within the State, or elsewhere within
the United States, formed upon the plan known as Lloyds,
whereby each associate underwriter becomes liable for a propor-
tionate part of the whole amount insured by a policy, may be
authorized to transact insurance other than life in this State, upon
the following conditions: That any such association organized in
this State may be permitted to transact the insurance business
upon the same terms and conditions as are by the laws of this
State imposed upon an insurance company organized under the
laws of this State, and any such association organized in any
other of the United States may be permitted to transact its busi-
ness in this State upon the same terms and conditions as are by
the laws of this State imposed upon an insurance company
incorporated in the State where such association was organized.

1890, ch. 545. 1894, ch. 290.

126. No person shall act as agent or solicitor in this State for
any insurance company, including individuals, whether resident
or non-residents, partnership or joint stock association, except for
such companies as may be chartered under the laws of this
State, in any manner whatever relating to insurance risks, until
all the provisions of this article relating thereto have been com-
plied with, and there has been granted by the Insurance Commis-
sioner a certificate of authority or license, for which said
company, individual, resident or non-resident, or association, or
their agent, shall pay into the State treasury the sum of three
hundred dollars, and shall also pay into the 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,
and without any deduction for expenses or endowment, which
may have been paid, or for any other cause whatever. A report
of the premiums so collected as above must be made to the
Insurance Commissioner, under oath of the chief accountant
officer of such company, or of its general agent of this State, at
the time of obtaining the license herein above provided for.