594 CORPORATIONS. [ART. 23

the assets of the said company and its outstanding policies,
and shall find and give his certificate that the admitted assets
of 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.

1888, art. 23, sec. 115. 1868, ch. 471, sec. 99.

148. Every corporation formed under the provisions of this
article for the purposes of -life insurance is hereby authorized
also to insure individuals against accident, and to grant, pur-
chase or dispose of annuities, unless it be otherwise provided
in its charter or by-laws.

Ibid. sec. 116. 1868, ch. 471, sec. 100. 1900, ch 660.

149. Every life or health insurance company incorporated
under this article, except organizations formed under the pro-
visions of section 176 of this article, shall have a guaranteed
capital of not less than one hundred thousand dollars, which
shall be invested either in securities of the United States, of
the State of Maryland, or of the city of Baltimore, and the same
shall, before said company shall commence issuing policies, be
deposited in the treasury of this State as a guarantee for the
payment of the policies of insurance issued by said company;
and the said company, from time to time, as it shall deem
proper, may sell and dispose of the said securities, and
exchange and re-deposit with the State treasurer, under such
rules and regulations for said exchange and deposit as he shall
direct, the said company confining the said business of sale,
disposition and exchange of said securities to either or all of
said securities above named in this section; and the interest
and profits accruing and made on said securities, and the sale
or exchange thereof, shall be collected by and paid to said
company.

Casualty Co.'s Case, 82 Md 561. Fraternal Alliance v. State, 86 M. 560.

Ibid. sec. 117. 1868, ch. 471, sec. 101.

160. Any married woman, by herself and in her name, or
in the name of any other person, with his assent, as her
trustee, may insure in any life insurance company' formed
under the provisions of this article, for her sole use, the life
of her husband for any definite period or for the term of his
natural life; and in case she shall survive her husband, the
sum or net amount of the insurance becoming due and payable
by the terms of the insurance shall be payable to her and for