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Session Laws, 1918 Session
Volume 486, Page 217   View pdf image (33K)
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EMERSON C. HARRINGTON. GOVERNOR. 217

repeal and re-enact with amendments sub-section Second
of Section 178 of said Article 23, sub-title "Insurance De-
partment, " and to add an additional Section to said Article
23, the same to follow immediately after Section 177 there-
of, to be known as Section 177-A, and authorizing the In-
surance Commissioner and the Deputy Insurance Commis-
sioner to summon witnesses and administer oaths, and to
require the production of books, policies and papers.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 166 of Article 23 of the Annotated
Code of Maryland, title "Corporations, " sub-title "Insurance
Companies, " and sub-section Second of Section 178 of said
Article 23, sub-title "Insurance Department, " be and the same
hereby are, respectively, repealed and re-enacted with amend-
ments, so as to read as follows:

166. All persons, individuals, firms, associations and cor-
porations obtaining insurance on property situate in this State
(owned by individuals or firms resident in this State, or cor-
porations incorporated under the Iaws of this State), against
fire, lightning or tornado, from companies, associations, firms
or corporations not authorized to transact business in this State,
shall file with the insurance commissioner of the State a state-
ment or declaration setting forth the name of the company,
number of policy, amount of insurance, rate, premium and
description of property; shall be required to pay a tax thereon
of five per cent of the premium paid on such policies to the
said commissioner, and shall further pay a fee to said insur-
ance commissioner of one dollar on each policy for making a
record of the said statement or declaration, which record shall
be kept for the private information of the insurance depart-
ment of this State, and shall not be a public record.

Any insurance broker or brokers placing insurance on prop-
erty situate in this State against fire, lighting or tornado, in
companies, associations, firms or corporations not authorized to
transact business in this State, shall, between the first and
tenth days of each month, submit in writing to the Insurance
Commissioner a true list of such policies of insurance so placed
by him in the preceding month, together with a statement or
declaration setting forth the information above required. Such
information shall be kept for the private information of the
Insurance Department, and shall not be a public record.
Upon the failure of any broker or brokers to so file the true
list, statement and declaration herein specified, within the

 

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Session Laws, 1918 Session
Volume 486, Page 217   View pdf image (33K)
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