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Session Laws, 1908 Session
Volume 483, Page 63   View pdf image (33K)
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ACT. 23. ] CORPORATIONS. 63

loss or damage sustained under said policies, but not to solicit
insurance in such, unauthorized companies.

SEC. 157c. Any person, firm or corporation who shall, with
intent to secure such license, make a false affidavit shall be
guilty of perjury and any policy of insurance obtained under
such license shall be void and the license so issued shall be can-
celled by the Insurance Commissioner.

SEC. 157D. Any person or firm resident in this State or cor-
poration incorporated under the laws of this State who shall
obtain or have possession of policies of insurance against loss
by fire, lightning or tornado on property situate in this State
issued by companies, associations, firms or corporations not
authorized to do business in this State without complying with
the provisions of Sections 157A and 157B of this Act shall be
guilty of a misdemeanor, and upon conviction thereof shall be
subject to a. fine of not less than one hundred dollars nor more
than one thousand dollars or imprisonment in jail for a period
of not less than one month nor more than six months, in the
discretion of the court.

SEC. 157E. Any person who within this State shall act as in-
termediary in any manner in procuring or delivering in viola-
tion of the provisions of this Act any policy of insurance shall
be subject to all the penalties of the preceding section.

SEC. 157F. It shall be the duty of the Insurance Commis-
sioner to stamp all policies issued in non-admitted companies
"Unauthorized Company, tax paid, " or "Unauthorized Com-
pany, no tax, " and any person, firm or corporation who shall
obtain or have in their possession any policy of companies not
authorized to do business in this State, dated after the passage
of this Act, insuring such individual, corporation or firm from
loss and damage by fire, lightning or tornado upon property
situate in this State without being so stamped shall be subject
to all the penalties of Section 157D of this Act; provided, how-
ever, that railway companies and other common carriers en-
gaged in interstate commerce may place insurance without
complying with the requirements of this Act.

SEC. 157G. All policies of insurance against loss or damage
to property in this State from fire, lightning or tornado Issued
by companies, associations, firms or corporations authorized 'to
transact the business of insurance in this State shall have
plainly marked or stamped, in indelible ink, on each policy the
words following: "Authorized to do business in the State of
Maryland, " to which shall be annexed a fac-simile of the signa-
ture of the Insurance Commissioner of this State; any com-
pany, association, firm or corporation violating the provisions

 

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Session Laws, 1908 Session
Volume 483, Page 63   View pdf image (33K)
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