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The Maryland Code Public General Laws, 1904
Volume 393, Page 620   View pdf image (33K)
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620 CORPORATIONS. [ART. 23

of this article, shall be subject to a fine not less than one hun-
dred dollars, nor more than one thousand dollars, which fine
shall be collected as all other fines imposed by the laws of this
State are now collectible; provided, that when, by the laws of
any other State, any deposit of money or securities is required,
or taxes, fines or penalties or other obligations or prohibitions are
imposed upon insurance companies incorporated or organized
under the laws of this State, and transacting business in such
other State, or upon the agents of such insurance companies,
greater than those required or imposed by the laws of this
State, so long as such laws continue in force, the same taxes,
fines, penalties and deposits, obligations and prohibitions, shall
be imposed upon all agents or insurance companies of such
State, doing business in this State, instead of those prescribed
by the laws of this State. Any deposit of money or securities
required by this section shall be made with the treasurer of
this State, and it shall be the duty of the treasurer to assign
and change, or surrender any such securities so held by him,
upon the joint application of the insurance commissioner and
the company to which they belong. And the treasurer shall
make no transfer of such securities except upon such joint
application of the insurance commissioner and the company by
whom they have been deposited, and all such transfers must
be countersigned by the insurance commissioner.

Metropolitan Life Ins. Co v. Dempsey, 72 Md. 293. Talbott v. Fidelity
and Casualty Co., 74 Md. 540.

1888, art. 23, sec. 139. 1880, ch. 387.

189. The insurance commissioner shall, annually, at the time
of issuing a license to each insurance company doing business
in this State, publish an abstract of the annual statement
required by this article, of each insurance company doing busi-
ness in this State, once a week for three consecutive weeks, in
a daily newspaper published in the city of Baltimore, except
that in case of insurance companies of this State having their
principal office in one of the counties of this State, the news-
paper selected for such publication must be published in the
county where such company is located; the companies shall,
in addition, publish in another paper, said abstract, three con-
secutive times; and the insurance commissioner and the com-
pany shall cause the first appearance of the publication of the
fire insurance companies prior to the first day of March, and
of life insurance companies prior to the first day of April; and


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 620   View pdf image (33K)
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