866 LAWS OF MARYLAND. [CH. 400

tives, shall be regulated by this Act and by no other law relat-
ing to insurance, unless such law is referred to in this Act,
and no law hereafter enacted shall apply to them, unless they
be expressly designated therein.

154AB. Such contracts may be executed by an attorney,
agent or other representative, herein designated attorney, duly
authorized and acting for such subscribers, and such attorney
may be a corporation. The office or offices of such attorney
may be maintained at such place or places as may be desig-
nated by the subscribers in the power of attorney.

154AC. Such subscribers so contracting among themselves
shall, through their attorney, file with the Insurance Commis-
sioner a declaration, verified by the oath of such attorney, or
where such attorney is a corporation, by the oath of the proper
officer thereof, setting forth:

(a) The name of the attorney and the name or designa-
tion under which such contracts are issued, which name or
designation shall not be so similar to any name or designation
adopted by any attorney, or by any insurance organization in
the United States, prior to the adoption of such name or desig-
nation by the attorney, as to confuse or deceive.

(b) The kind or kinds of insurance to be effected or ex-
changed.

(c) A copy of the form of policy contract or agreement
under or by which such insurance is to be effected or exchanged.

(d) A copy of the form of power of attorney or other au-
thority of such attorney under which such insurance is to be
effected or exchanged.

(e) The location of the office or offices from which such
contract or agreements are to be issued.

(f) That applications have been made for indemnity upon
at least seventy-five separate risks aggregating not less than
one and one-half million dollars as represented by executed
contracts or bona fide applications to become effective concur-
rently, or, in case of liability and compensation insurance, cov-
ing a total payroll of not less than four million dollars.

(g) That there is on deposit with such attorney and avail-
able for the payment of losses, a sum of not less than fifty
thousand dollars; provided, however, that in case of liability
and compensation insurance such sum shall be not less than
one hundred thousand dollars.

(h) A financial statement in form prescribed for the an-
nual report.