ART. 23] INSURANCE COMPANIES. 99

said company, including its capital stock, are sufficient to provide
reserve upon all outstanding policies as required by the laws of
this State in relation to insurance companies.

1890, ch. 254.

119 A. No life insurance company incorporated under the laws
of any other State or county and doing business in the State of
Maryland shall make or permit any distinction or discrimination
in favor of individuals of the same class and equal expectation of
life, in the amount or payment of premiums or rates charged for
policies of life or endowment insurance, or in the dividends or
other benefits payable thereon, or in any other of the contracts of
insurance it makes, nor shall any such company or agent thereof
make any contract of insurance or agreement as to such contract,
other than as plainly expressed in the policy issued thereon, nor
shall any such company or agent pay or allow, or offer to pay or
allow, as inducement to any person to insure any rebate of prem-
ium payable on the policy, or any special favor or advantage
whatever, in the dividends or other benefits to accrue thereon, or
any valuable consideration or inducement whatever, not specified
in the policy contract of insurance.

Ibid.

119 B. It shall not be lawful for any company organized under
the laws of any other State or county, or its representative, to
procure for any person seeking life insurance a State license for
the purpose of allowing to such person a rebate.

1890, ch. 254. 1892, ch. 441.

119C. Any life insurance company, its agent or agents, vio-
lating section one hundred and nineteen A, or one hundred and
nineteen B, of this act shall be guilty of a misdemeanor and
upon conviction thereof, the offender or offenders, shall be
sentenced to pay a fine of five hundred dollars on each and every
violation, when the amount of the insurance is twenty-five thou-
sand dollars or less; and for every additional twenty five thou-
sand dollars of insurance or less, there shall be an additional
penalty of five hundred dollars, and such offender or offenders
shall be prohibited from doing insurance business in the State of
Maryland until said fine is paid, or the said fine or penalty may