JOHN WALTER SMITH, ESQ., GOVERNOR.

453

CHAPTER 338.
AN ACT to repeal Sections 122 and 128 of Article 23 of the
Code of Public General Laws, title "Corporations," sub-
title "Insurance," and to re-enact the same with amend-
ments; and to add an additional Section to said Article, to
be known as Section 122 A; and to repeal Section 143 E I of
said Article.

CHAP 888.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That sections 122 and 128 of Article 23 of the
Code of Public General Laws, title "Corporations," sub-title
"Insurance," be and they are hereby repealed and re-enacted,
so as to read as follows :

Repeal
and re enact.

122. It shall be the duty of the Insurance Commissioner:
First. To see that all laws of this State relating to insurance or
insurance companies are faithfully executed ; to keep on file
in his office copies of the charter, declaration of organization
or deed of settlement of every insurance company, including
partnerships, joint stock associations and corporations organ-
ized 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 Jaws by the Secretary of State or other proper officer
of the State or nation wherein such companies are organized ;
and the Insurance Commissioner shall, upon application of any
such company or association, furnish them with certified copies
of their charter so tiled in his department. Second. To fur-

Duty of
Insurance
Commis -
sloner.

nish in December of each year to the companies required by
this Article to report to him, the necessary blank forms for,
the statements required ; and as soon as practicable, in each
year, he shall cause to be calculated by the actuary of his
department, under his supervision, the net value, on the thirty-
first day of December of the previous year, of all the policies
and additions thereto, and all obligations for the payment of
annuities in force on that day of each life insurance company
doing business in this State organized by authority of this
State, and every other life insurance company doing business
in this State, that shall fail to furnish him, as hereinafter pro-
vided, from the Insurance Commissioner of the State by whose
authority the company was organized, or of the State in which
it may elect to have its policies valued and its deposits made ;
in case the company is chartered by the government of the
United States, or by any foreign government, or by any State
not having an insurance department, a certificate giving the
net value of all policies in force in the company on the
thirty-first day of December of the preceding year, which

Blanks to be
furnished.