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Session Laws, 1878
Volume 399, Page 135   View pdf image (33K)
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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.



 

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Session Laws, 1878
Volume 399, Page 135   View pdf image (33K)
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