524 LAWS OF MARYLAND. [CH. 256

taking deposit notes for a percentage of the amount insured by
its policies, and making a call or assessment thereon for ex-
penses and for the payment of losses only after such losses are
incurred, may continue such system of business, and such de-
posit notes shall constitute the entire liability of their mem-
bers.

Section 154V. From time to time the directors of a mutual
fire insurance company may, by vote, fix and determine the
percentages of dividend or expiration return of premium to be
paid on expiring policies, which percentages may differ, fol-
lowing the different loss experience of different classes of risks
of the same term. But all policies insuring risks in the same
classification, shall have an equal rate of dividend or expira-
tion return of premium for the same term, and in case of an
assessment the rate thereof may be different for each different
class of risk, provided that every policy in a company thus
dividing its risk in two or more classifications shall when issued
bear an endorsement clearly indicating the class to which it is
assigned. Every policy holder of a domestic company and
every policyholder in this State of a foreign company, shall be
notified at his last known address within six months after the
expiration of his policy of the amount of any dividend or ex-
piration return of premium declared and payable thereon, un-
less in the meantime such dividend or return has been paid in
cash or applied in payment of the premium on the renewal of
the policy.

If it appears to the Insurance Commissioner after an ex-
amination made by him or by an examiner appointed by him
that the assets or capital of any mutual insurance corporation
are insufficient to justify its continuance in business, he shall
determine the amount of such deficiency and issue a written
requisition to the officers of the corporation requiring them to
make good said deficiency within a time to be specified therein,
not less than thirty nor more than ninety days from the service
of such requisition. Such service may be made by mail, directed
to the corporation at its home office as specified in its charter.
Upon the service of such requisition the directors of the cor-
poration shall forthwith cause such deficiency to be made good
and proof to be filed with the Commissioner within the time
specified in the requisition that the same has been made good.
For any losses accruing upon new risks taken after the expira-
tion of such time and before such deficiency shall be made
good, the directors of the corporation shall jointly and sever-
ally be personally liable therefor. If such deficiency shall not