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Session Laws, 1914
Volume 533, Page 424   View pdf image (33K)
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424 LAWS OF MARYLAND.

Section 159A and to. be known as Section 159B, providing for
the appointment by the State Insurance Commissioner of an
Auditor for the State Insurance Department.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new Section be added to Article 23 of the Code of
Public General Laws, revision of 1904, entitled ''Corporations,"
sub-title "Insurance Department," to follow immediately after
Section 159A and to be known as Section 159B and to read as
follows:

SEC. 159B. The State Insurance Commissioner is also au-
thorized to employ an Auditor for the Insurance Department
at an annual compensation not exceeding $1,000, which shall
be paid out of the fees of said insurance department. It shall
be the duty of said Auditor to examine and audit the annual
statements of all insurance companies authorized to do business
in the State of Maryland and filing annual statements with the
insurance department, the books, accounts and affairs of the
insurance department, and such other auditing as the Insurance
Commissioner may direct; provided, however, that whenever
said Auditor shall be directed by the Insurance Commissioner
to examine or assist in the examination of any insurance com-
pany authorized to do business in this State, whether incor-
porated under the laws of this or any other State, he shall be
entitled to be paid by the company whose affairs shall be ex-
amined by him his traveling and other expenses, and such reas-
onable compensation, not exceeding $15.00 a day, as shall be
determined upon by the Insurance Commissioner, in addition
to the aforesaid salary paid out of the fees of the department.

SEC. 2. Be it further enacted, That this Act shall take effect
from and after the date of its passage.

Approved April 4th, 1914.

CHAPTER 286.

AN ACT to repeal Chapter 528 of the Acts of the General As-
sembly of Maryland of 1910, entitled An Act to authorize and
empower the Mayor and Council of Hagerstown, Maryland,
to borrow the sum of Fifty Thousand ($50,000.00) Dollars by
the issue and sale of bonds, the proceeds therefrom to be used
for the purchase and improvement of lands to be used for the
purpose of a Public Park and to re-enact the same with
amendments so as to read as follows:

 

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Session Laws, 1914
Volume 533, Page 424   View pdf image (33K)
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