566

LAWS OF MARYLAND.

30 fifth. Every life insurance company, in addi-

tion to the above, shall file, and annually renew, a

File certifi-

certificate from the Insurance Commissioner or chief

cate.

financial officer of the State in which such company

is organized, or of some one of the United States,

setting forth that such company has deposited with

him the sum of one hundred thousand dollars of its

capital or assets, in gold coin of the United States,

or invested in notes or bonds of the United States,

or in bonds of the State of Maryland, or of the State

in which said company is organized, or in bonds

secured by mortgage or deeds of trust on unincum-

bered real estate worth at least double the amount

loaned thereon, and that he holds the same in trust

and on deposit, under and by the laws of the State

in which he resides, for the benefit of all the policy

holders of such company in the United States, and

that he is satisfied that the securities so deposited by

such company, and held by him, are worth at least

one hundred thousand dollars ; provided that every

How to make

such company not having such deposit made in the

deposit.

State in which it is organized, or in some one of the

United States, may make such deposit with the

Treasurer of Maryland, in the manner provided by

law for companies organized under the laws of this

State.

31. No person shall act as agent or solicitor in

this State for any insurance company, including

Must comply

individuals, whether resident or non-resident, part-

with provi-

sions.

nership or joint stock associations, (except) for such

companies as may be chartered under the laws of

this State, in any manner whatever relating to in-

surance risks, until all the provisions of this act have

been complied with, and there has been granted by

the Insurance Commissioner a certificate of authority
or license, for which said company, individual, resi-

dent or non resident, or association, or their agent,

shall pay into the State treasury the sum of two

hundred dollars ; and shall also pay into said treas-

ury 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, deducting only from the amount of such