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Repeal.
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article 23 of the Public General 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same is hereby repealed and re-enacted so as to read as follows :
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Inyestigation
of affairs of
insurance
companies.
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Eighth. Once, at least, during his term of office, and oftener
if he should deem it expedient to do so, the insurance commis-
sioner shall appoint some competent person or persons, who
shall visit the principal office of every insurance company
organized under the laws of this State, for the purpose of
examining its affairs; and the person or persons so appointed
shall have free access to the books and papers of every com-
pany thus visited, and shall thoroughly inspect and examine its
affairs to such extent and make such inquiries as may be
necessary to ascertain its condition and ability to fulfill its
engagements, and whether it has complied with all the provi-
sions of law applicable to its transactions. And whenever the
insurance commissioner may have reason to doubt the solvency
or the correctness of the statement of any company not organ-
ized under the laws of this State, which may have been
licensed to do business in this State, or which may be applying
for said license, he shall communicate such doubts and the
reasons for them to the insurance commissioner or other officer
charged with the supervision of insurance corporations of the
State in which said company is located, and if he is not satis-
fied from the information obtained from such insurance com-
missioner or other officer, or from the officers of the company,
that the condition of the company is such as to warrant him
in permitting it to transact business in this State under the
provisions of this article, he shall notify such company that it
will be necessary for him to have its affairs examined by some
person or persons by him appointed, and for that purpose the
person or persons by him appointed shall visit such company
at its principal office, and make a thorough examination into all
its affairs. And if such company shall refuse to permit such
examination, or shall refuse free access to all its books and
papers, or shall in any way prevent or obstruct a thorough
examination into its affairs, he shall not grant a license to such
company, or if a license shall already have been granted, he
shall at once revoke it, and publish the fact of such revocation
in one daily newspaper published in the city of Baltimore ;
and the person or persons by him appointed for any of the
purposes mentioned herein, shall each be entitled to a sum not
exceeding ten dollars ($10) a day for each and every day
he or they are engaged in any such examinations, and
in addition thereto, he or they shall be paid his or their
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