218 LAWS OF MARYLAND. [CH. 101

limit of time herein mentioned, the Insurance Commissioner
may suspend his or their license for a period not exceeding
ninety days.

178. Second. To furnish 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 provided, from the insurance Commissioner of this
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 Govern-
ment 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
calculation of the net value of the policies in force shall, for all
policies issued on or before the thirty-first day of December,
in the year 1902, be based upon the "American Experience
Table of Mortality, " and four and one-half per cent interest
per annum; and for all policies issued subsequent to said thirty-
first day of December, in the year nineteen hundred and two,
and before the thirty-first day of December, in the year nine-
teen hundred and eighteen, upon the actuaries table of mortal-
ity, and four per cent interest per annum; and for all policies
issued subsequent to the thirty-first day of December, in the
year nineteen hundred and eighteen, upon the American Expe-
rience Table of Mortality and three and one-half per cent
interest per annum; provided, that the Insurance Commissioner
may, upon the request of any company, cause all policies of
such company issued on or after the first day of January,
nineteen hundred and nineteen, to be valued upon the Amer-
ican Experience Table of Mortality and three and one-half per
cent interest per annum, in accordance with the select and ulti-
mate method which provides that the rate of mortality during
the first five years after the issuance of said contracts, respec-
tively, shall be calculated according to the following percent-
ages of the rates shown by the American experience table of