HARRY W. NICE, GOVERNOR. 361

98C. No policy of industrial life insurance shall be issued
or delivered in the State of Maryland after the first day of
January, 1988, if it contain any of the following provisions:

(A) A provision limiting the time within which any action
at law or in equity may be commenced to less than that pro-
vided by the Statute of Limitations under the General Laws of
the State of Maryland.

(B) A provision to the effect that the agent soliciting the
insurance is the agent of the person insured under such policy,
or making the acts or representations of such agent binding
upon the person so insured under the said policy.

98D. No policy of industrial life insurance shall be issued
or delivered in the State of Maryland, or shall be issued by a
Life Insurance Company organized under the laws of Mary-
land, after the first day of January, 1938, unless such policy
shall bear in bold letters upon its face a brief description
thereof.

98E. Any Life Insurance Company may, at the request of
the policyholder, exchange, alter or convert any policy of life
or endowment insurance issued by it for or into any policy
conforming (a) with the laws in force when said first men-
tioned policy was issued, if the rewritten policy bear the date
thereof, or (b) with the laws in force when said exchange,
alteration or conversion is effected, if the rewritten policy
bears a then current date; provided, however, that if such
rewritten policy bears the date of said original policy, the
amount of insurance under said rewritten policy shall not
exceed the amount of insurance under said original policy or
the amount of insurance which the premium paid for the orig-
inal policy would have purchased, if the rewritten policy had
been originally applied for, whichever is greater.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1937.

Approved May 18, 1937.

CHAPTER 197.

AN ACT to repeal and re-enact, with amendments, Section 278
of Article 16 of the Annotated Code of Maryland (1924
Edition), title "Chancery", describing the method for taking
testimony in open Court in cases in Equity.