276

LAWS OF MARYLAND.

SECTION I. Be it enacted by the General Assembly of Maryland,

That the following new sections be added to article twenty-three,

To add

of the Code of Public General Laws, title "Corporations," sub-

title "Insurance Companies," to come in after section one hundred

and nineteen, and to be designated aa "Sections one hundred and

nineteen A, one hundred and nineteen B and one hundred and

nineteen C."

119 A. No life insurance company incorporated under the lawa

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

Not to dis-
criminate

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 premium

payable on the policy, or any special favor or advantage whatever,

in the dividends or other benefits to accrue thereon, or any valua-

ble consideration or inducement whatever, not specified in the

policy contract of insurance.

119 B. It shall not be lawful for any company organized under

No rebate.

the laws of any other State or county, or its representative to pro-

cure for any person seeking life insurance a State license for the

purpose of allowing to such person a rebate.

119 C. Any life insurance company, its agent or agents, violating

sections one hundred and nineteen A or one hundred and nine-

teen B of this act, shall be guilty of a misdemeanor, and upon

conviction thereof, the offender or offenders shall be sentenced to

Penalty.

pay a fine of five hundred dollars on each and every violation,

when the amount of insurance is twenty-five thousand dollars or

less; and for every additional twenty-five thousand dollars of in-

surance or less, there shall be an additional penalty of five hun-

dred dollars; and said offender or offenders shall be prohibited

from doing insurance business in the State of Maryland until said

fine is paid.

Effective

SEC. 2. And be it enacted by the General Assembly of Maryland,

That this act shall take effect from the date of its passage.

Approved April 3, 1890.