526 LAWS OF MARYLAND. [CH. 256

which has ceased to do new business, shall divide among its
stockholders any part of its assets or guaranty capital, except
income from investments, until it shall have performed or can-
felled its policy obligations.

Section 154X. Mutual fire insurance companies, incor-
porated under the laws of any other state of the United States,
or of any foreign government, and duly licensed to transact
business in such other state or country, shall be admitted to
do business within this State, upon complying with all the re-
quirements and restrictions of this Article applicable to domes-
tic companies of the same class, save only as to their incor-
poration and the investment of their funds, if they shall at
the time of application for admission be in compliance with
all the laws of their respective State or Country, and shall file
with the Insurance Commissioner of this State the following:
(a) a certified copy of its Articles of Incorporation or Asso-
ciation and of its by-laws; (b) a consent duly executed, ap-
pointing the State Insurance Commissioner of Maryland to be
the true and lawful attorney for such company in and for this
State, upon whom all legal process in any action or proceeding
against the company may be served with the same effect as if
it were a domestic company. Service upon such attorney shall
thereafter be deemed service upon the company; (c) an agree-

ment that it will pay the taxes provided for in Section 184 of
this Article and that it will furnish any further information
as to its financial condition, as the Insurance Commissioner

shall require; (d) each, such company shall pay to the Insur-

ance Commissioner the fees required by Section 184 of this
Article applicable to Fire Insurance Companies.

Provided, however, that nothing in this Act shall be con-
strued as applying to Reciprocal or Inter-Insurance exchanges;
nor shall anything in this Act or in Article 23 of the Code of
Public General Laws of Maryland, as amended by this Act, be
construed as in any manner restricting or limiting the right of
individuals, partnerships or corporations of this State to protect
themselves against loss or damage through the medium of Re-
ciprocal or Inter-Insurance contracts; nor shall any law of this
State be construed as requiring any Reciprocal or Inter-insurer

to pay any tax on premiums or deposits.

Section 154Y. All provisions of Article 23 governing or in
any manner applying to stock fire insurance companies, not
inconsistent with any provision of Section 154L to Section
154X, both inclusive, of this Article, shall govern and apply