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Session Laws, 1910 Session
Volume 487, Page 78   View pdf image (33K)
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78 LAWS OF MARYLAND.

ciation or their agent shall pay to the insurance commissioner
the sum of three hundred dollars and shall also pay to the
insurance commissioner a tax of one and one-half per centum
on the amount of premiums actually collected, received or
secured in this State, or from residents thereof, during the
last license year by or for said company, individual, resident
or non-resident, partnership or association, and without any
deduction for expenses or endowments which may have been
paid, or for any other cause whatsoever, which rate shall not
be increased or diminished by reason of any greater or less
rate being chargeable under the laws of any other State or
territory. A report of the premiums so collected as above must
be made to the insurance commissioner under oath of the chief
accountant officer of such company, or its general agent of this
State, at the time of obtaining the license hereinabove provided
for. Any company applying for admission in this State shall
pay for license in like proportion for a fractional part of a
year, so that all licenses issued shall expire on the thirty-first
day of December next ensuing. In addition to the above
license and tax, there shall be paid by each insurance company,
individual, resident or non-resident, partnership or associa-
tion, whether of this State or otherwise, doing business in
this State, the following fees to the insurance commissioner
to defray the expenses of executing the provisions of this
article: upon filing the declaration or certified copy of charter
hereafter admitted to do business in this State twenty-five
dollars; upon filing each annual statement, twenty-five dollars;
for each certificate of authority which each agent or solicitor
of every insurance company not organized under the laws of
this State and doing herein the business of insurance in any
of its branches is hereby required to obtain the sum of ten
dollars; provided, however, that sub-agents or solicitors, who
may be appointed by the general agent of any life or accident
insurance company in this State shall only be required to pay
for these respective certificates of authority the sum of two
dollars; for each abstract of their annual statement for pub-
lication two dollars; for every copy of any paper filed in the
insurance department, the sum of twenty cents per folio and
for affixing the official seal to such copy and certifying the
same, one dollar; for valuing policies of life insurance com-
panies, thirty dollars per million of insurance or any frac-
tional part thereof; for official examination of companies under
this article, the charges specified in Section 160 of this Article;
and the certificate of authority issued to any solicitor of a
foreign insurance company, whether he be a solicitor for a life
insurance company or a fire insurance company, or for an
insurance company doing the business of insurance in any of


 

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Session Laws, 1910 Session
Volume 487, Page 78   View pdf image (33K)
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