816 LAWS OF MARYLAND.

Sections 154-A, 154-B, 154-C, 154-D, 154-E, 154-F, 154-G, 154-H,
154-I and 154-J, pertaining to the organization and regulation
of and in relation to mutual insurance associations for insuring
employers against loss, damage or compensation resulting from
injuries suffered by employees or other persons for which
the employer or person insured is liable, and to injured em-
ployees, or, in the event of death, to their dependents payment
of the compensation for such injuries, and for insuring sick,
eld age, non-employment and other benefits to such employees.

154. Corporations may be formed under the provisions of
this Article, for insurance purposes, and may be formed either
as. mutual or stock companies or as mutual or stock companies
combined, as shall be determined and declared in the certificate
of incorporation of any such company.

154-A. No mutual insurance association or company here-
after incorporated under the provisions of this Article, for the
purpose of insuring employers against loss or damage result-
ing from accident to or injury suffered by an employee or other
other person and for which the employer or person insured is
liable, or the liability of the employer to pay compensation to
his employees or for insuring payment of the compensation to
injured employees or their dependents under any Workmen's
Compensation Law, or against loss or damage caused by a truck,
wagon or other vehicle propelled by steam, gas, gasoline, electric,
mechanical or other power or drawn by horses or mules used
in trade or manufacture and owned by any such employer
or person to any other person or to the property of another
for which loss or damage the employer or person insured is
liable, or for insuring sick, old age, non-employment or other
benefits to such employees, shall begin or transact any such
business of insurance unless and until at least twenty employers,
employing not less than two thousand employees, have become
members of such mutual insurance association and applied for
and agreed to take insurance therein, covering the liability of
such employers to their employees for accidents to or injuries
suffered by such employees and assuring payment of compen-
sation to their employees or the dependents of their employees
for such injuries, nor until such facts have been certified
under oath to the State Insurance Commissioner by at least
three of the persons signing the certificate of incorporation of
such association and a license authorizing such association to
begin writing the insurance specified in this Section has been
issued by the State Insurance Commissioner. Before granting