144

LAWS OF MARYLAND.

nerships or joint stock associations (except such com-

panies as may be chartered under the laws of this

State) in any manner whatever relating to insurance

risks until all the provisions of this act have been

complied with, and there has been granted by the

Certificate of

Insurance Commissioner a certificate of authority or

authority.

license, for which said company, individual, resi-

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

Shall pay.

shall pay into the State treasury the sum of two

hundred dollars, and shall also pay into said treasury

a tax of one and one-half per centum on the gross

premiums received, less the losses, dividends and an-

nuities paid in this State during the last license year for

said company, individual, resident or non-resident,

Report un-

partnership or association ; a report of which pre-

der oath.

miums, losses, dividends and annuities so collected

and paid for any such company must be made to the

Insurance Commissioner, under oath of the general

agent or chief accounting officer of such company ;

Premiums

provided that all premiums loaned in this State for

exempt.

a period not less than two years shall be exempt from

the payment of said tax of one and one-half per

cent., and from the retaliatory clause of this act.

Any company applying for admission into this State

Fractional

shall pay for license in like proportion for the frac-

part of year.

tional part of a year, so that all licenses issued shall

expire on the thirty-first day of December next en-

suing. In addition to the above license and tax

there shall be paid by each company, individual,

resident or non-resident, or association, whether of

this State or otherwise doing business in this State,

Fees to be

the following fees to defray the expenses of executing

paid.

the provisions of this act : Upon filing the declara-

tion or certified copy of charter (which is only to

apply to companies hereafter admitted to do busi-

ness in this State), fifty dollars ; upon filing annual

statement, twenty-five dollars; for each certificate

of authority, which each agent of every company

not organized under the laws of this State is hereby

required to obtain, the sum of ten dollars ; Provided,

however, that sub-agents or solicitors who may be

appointed by the general agent of any life insurance

company in this State shall only be required to pay

for their certificates of authority the sum of two

dollars ; for each abstract of their annual statements

for publication, two dollars ; for every copy of any