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Session Laws, 1920
Volume 539, Page 1098   View pdf image (33K)
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thorized to do such business as it desires to transact in this

(b) Filed with the State Insurance Commissioner a copy
of its by-laws certified to by its secretary.

(c) Appointed the State Insurance Commissioner of Mary-
land its agent for the service of process, in any action, suit or
proceeding brought in this State, which authority shall con-
tinue so long as any liability shall remain outstanding in this

(d) Filed a financial statement under oath, in such form
as the State Insurance Commissioner may require, and have
complied with other provisions of the laws applicable to the
filing of papers and furnishing information by stock com-
panies applying for authority to transact the same kinds of

(e) If organized without the United States, make and
maintain a deposit, if any, required of a like mutual insur-
ance company formed in this State for transacting the same
kinds of insurance in the country or State in which such
foreign company is domiciled.

(f) Its name shall not be so similar to any name already
in use by any such existing corporation, company or association
organized or licensed in this State as to be confusing or

154L. Upon compliance by any such company organized
outside of this State with the provisions of the preceding sec-
tion, such company shall be licensed and authorized to trans-
act business in this State, subject to all the provisions of the
section immediately following and to the annual renewal of
its license at the times provided for the renewal of licenses of
stock insurance companies transacting the same kinds of

154M. Every mutual insurance company, whether or-
ganized within or without this State, shall be subject to all
provisions of the laws of this State relating to policy forms,
the supervision of rates, prohibition of discrimination and re-
bates, annual reports, reserves, taxes and fees, except as herein
otherwise provided, that apply or relate to stock insurance
companies doing a similar class or classes of business. All
mutual insurance companies incorporated under the laws of
this State shall pay an annual license fee of one dollar, and
such companies incorporated elsewhere than in this State and


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Session Laws, 1920
Volume 539, Page 1098   View pdf image (33K)
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