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Session Laws, 1933 Session
Volume 421, Page 256   View pdf image (33K)
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256 LAWS OF MARYLAND. [CH. 153

affects the business of insurance in Maryland; and it is
deemed necessary that similar legislation be enacted in
Maryland in order to properly protect all business of in-
surance in Maryland, including insurers, policyholders,
beneficiaries, obligees and all others interested therein,
now therefore,.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be and the same is hereby
added to Article 48A, of the Code of Public General Laws
of Maryland, 1924 Edition, title "Insurance, " sub-title
"Insurance Department, " to follow immediately after Sec-
tion 10 to be known as Section 10A, and to read as follows:

10A. The Insurance Commissioner of this State shall
have power to make, alter, amend and rescind rules and
regulations imposing any condition upon the conduct of the
business of any insurance company which may be necessary
or desirable to maintain sound methods of insurance and
to safeguard the interests of policyholders, beneficiaries,
obligees and the public generally, during the period of such
emergency, which rules and regulations shall have the force
of law and shall become inoperative when such emergency
shall cease, and an order to that effect shall be made by
said Commissioner, but in no event shall this Act be ef-
fective for more than two years from the date of its
passage.

SEC. 2. This Act is hereby declared to be an emergency
law and necessary for the immediate preservation of the
public health and safety and having been passed upon a
yea and nay vote, supported by three-fifths of all the mem-
bers elected to each of the two Houses of the General As-
sembly, the same shall take effect from the date of its
passage.

Approved March 28, 1933.

CHAPTER 153.

AN ACT to authorize and empower every county, munici-
pal or public corporation, special district and/or political
sub-division of the State of Maryland, except the Mayor
and City Council of Baltimore, which has heretofore

 

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Session Laws, 1933 Session
Volume 421, Page 256   View pdf image (33K)
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