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Supplement to the Code of Public General Laws of Maryland, 1900
Volume 392, Page 21   View pdf image (33K)
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ART. 23] INSURANCE DEPARTMENT—REBATE OF PREMIUMS. 21

cessor is appointed and qualified, unless sooner removed by the
Governor, Treasurer and Comptroller; and the said Insurance
Commissioner shall give bond to the State of Maryland in the
sum of fifty thousand dollars for the faithful discharge of his
duties; and no person who is a director, officer or agent of, or
directly or indirectly interested in any insurance company, except
as insured, shall be appointed as such Insurance Commissioner.
And the said Insurance Commissioner is authorized to appoint
an actuary for his said insurance department, and also to employ
such clerical assistance as he may deem necessary to the proper dis-
charge of the duties and efficiency of his department; provided,
however, that the salary and pay of such actuary and clerks shall
be paid out of the fees of said insurance department; and pro-
vided further, that he shall not exceed the sum of five thousand
dollars for the pay of such clerical assistance.

1900, ch. 512.

126A.. No corporation or association, whether organized under
the laws of the State of Maryland or otherwise, and no copart-
nership or individual, and no agent or employee of any company,
individual, association or firm, whether such person be a licensed
broker or otherwise, shall, directly or indirectly, pay, except to
the lawful agent or solicitor of such company, and to him solely
upon the premiums on policies issued by the company for which
he may be licensed agent or solicitor, or to an insurance broker
licensed by the State of Maryland, any commission, reward or
rebate in consideration of procuring, or influencing others to
procure, insurance from such company, association, individual or
firm, nor collect or agree to collect from any person, whether or
not the same may be the owner of the property insured, or his
agent, or other person, any amount less than that expressed in the
policy or policies as being the premiums therefor; and any
person violating any of the provisions of this section shall be
subject to the fines imposed by section 138 of this article.

Ibid.

126B. No corporation or association authorized to transact
business in this State, and no copartnership or individual, resident
or non-resident, shall write any policy of insurance, or assume


 

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Supplement to the Code of Public General Laws of Maryland, 1900
Volume 392, Page 21   View pdf image (33K)
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