JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 149
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companies of such State doing business in this State,
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instead of those prescribed by the laws of this State.
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Any deposit of money or securities required by this
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Deposit of
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section, shall be made with the Treasurer of this
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money or se-
em ities.
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State; and it shall be the duty of the Treasurer to
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assign and change or surrender any such securities
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so held by him, upon the joint application of the In-
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surance Commissioner and the company to which
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they belong, and the Treasurer shall make no trans-
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Make no
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fer of such securities, except upon such joint appli-
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transfer.
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cation of the Insurance Commissioner and the com-
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pany by whom they have been deposited, and all
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such transfers must be countersigned by the Insur-
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ance Commissioner.
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105. The Insurance Commissioner shall annually,
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at the time of issuing a license to each insurance com-
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pany doing business in this State, publish an abstract
of the annual statement required by this act, of each
insurance company doing business in this State once
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Publish an
abstract.
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a week for three successive weeks, in a daily news-
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paper published in the city of Baltimore, except that
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in case of insurance companies of this State having
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their principal office in one of the counties of this
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State, the newspaper selected for such publication
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must be published in the county where such com-
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pany is located. The companies shall in addition
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publish in another paper said abstract once a week
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for three successive weeks, and the Insurance Com-
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Three suc-
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missioner and the company shall cause the first ap-
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cessive weeks
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pearance of the publication, hereby provided for, to
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be made within thirty days after the annual state-
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ment of the company has been received by him, and
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the actual net cost of said publication by him, he is
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Authorized
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hereby authorized to collect from each company
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to collect.
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whose statement is so published by him.
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SEC. 2. And be it enacted, That this act shall take
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In force.
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effect from the date of its passage.
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Approved March 20, 1878.
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