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Session Laws, 1894 Session
Volume 480, Page 231   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

thereof, the plaintiff's right to enter judgment under this
section.

Approved April 3d, 1894.

CHAPTER 175.

AN ACT to repeal Section 138 of Article 23 of the Public
General Laws of Maryland, title "Corporations," sub title
"Insurance Department," and to re-enact the same with
amendments.

231

SECTION 1. Be it enacted by the General Assembly of
Maryland, That section 138 of article 23 of the Public
Geneial Laws of Maryland, title "Corporations," sub-title
"Insurance Department," be and the same is hereby repealed
and re-enacted so as to read as follows :

Repeal.

SEC. 138. Any person or persons, or any company or associa-
tion, violating any of the provisions of sections 121 to 137,
inclusive, of this article, shall be subject to a fine not less than
one hundred dollars, nor more than one thousand dollars,
which fine shall be collected as all other tines imposed by the
laws of this State are now collectible; provided that when, by
the laws of any other State, any deposit of money or securities
is required, or taxes, fines or penalties, or other obligations or
prohibitions are imposed upon insurance companies incor-
porated or organized under the laws of this State, atid trans-
acting business in such other State, or upon the agents of such
insurance companies, greater than those required or imposed
by the use of this State, so long as such laws continue in
force, the same taxes, fines, penalties and deposits, obligations
and prohibitions, shall be imposed upon all agents or insurance
companies of such State doing business in this State, instead
of those prescribed by the laws of this State. Any deposit of
money or securities required by this section, shall be made
with the Treasurer of this State, and it shall be the duty of
the Treasurer .to assign and change, or surrender any such
securities so held by him, upon the joint application of the
Insurance Commissioner and the company to which they
belong. And the Treasurer shall make no transfer of such
securities except upon such joint application of the Insurance
Commissioner and the company by whom they have been

Deposits by
insurance
companies.



 
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Session Laws, 1894 Session
Volume 480, Page 231   View pdf image (33K)
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