JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 135
|
urer and Comptroller, and the said Insurance Com-
|
|
|
|
missioner shall give bond to the State of Maryland
|
Shall give
bond.
|
|
|
in the sum of twenty thousand dollars, for the
|
|
|
|
faithful discharge of his duties; and no person who
|
And no per-
|
|
|
is a director, officer, or agent of or directly or indi-
|
sons.
|
|
|
rectly interested in any insurance company, except
|
|
|
|
as insured, shall be appointed as such Insurance Com-
|
|
|
|
missioner. And the said Insurance Commissioner
|
|
|
|
is authorized to appoint an Actuary for his said In-
surance Department, and also to employ such cleri-
|
Authorized
to appoint
Clerical assis-
|
|
|
cal assistance as he may deem necessary to the
|
tance.
|
|
|
proper discharge 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
|
Pay of actu-
ary and cl'ks.
|
|
|
the fees of said Insurance Department; and pro-
|
|
|
|
vided further, that he shall not exceed the sum of
|
Shall not ex-
|
|
|
five thousand dollars for the pay of such clerical as-
|
ceed.
|
|
|
sistance.
|
|
|
|
28. It shall be the duty of the Insurance Com-
|
|
|
|
missioner :
|
|
|
|
First. To see that all laws of this State relating to
|
Laws faithful-
|
|
|
insurance or insurance companies are faithfully exe-
|
ly executed.
|
|
|
cuted ; to keep on file in his office copies of the
|
Keep on file
|
|
|
charter, declaration of organization, or deed of set-
|
copies of
|
|
|
tlement of every insurance company, including part-
|
charter, &c.
|
|
|
nerships, joint stock associations and corporations
|
|
|
|
organized under the laws of this State, or organized
|
|
|
|
under the laws of some other State or Nation, and
|
|
|
|
applying to do business in this State, which copies
|
|
|
|
shall be duly certified in accordance with law by the
|
Shall be duly
|
|
|
Secretary of State or other proper officer of the
|
certified.
|
|
|
State or Nation wherein such companies are organ-
|
|
|
|
ized ; and the Insurance Commissioner shall, upon
|
Shall furn-
|
|
|
application of any such company or association, fur-
nish them with certified copies of their charter so
|
ish copies of
charter on ap-
plication.
|
|
|
filed in his department.
|
|
|
|
Second. To furnish in December of each year to
|
|
|
|
the companies required by this act to report to him,
|
To furnish
|
|
|
the necessary blank forms for the statement requir-
|
blanks.
|
|
|
ed ; and as soon as practicable, in each year, he shall
|
|
|
|
cause to be calculated by the actuary of his depart-
|
|
|
|
ment, under his supervision, the net value, on the
|
|
|
|
thirty-first day of December of the previous year, of
all the policies in force on that day in each Life In-
|
Life Insur-
ance Compa-
nies.
|
|