ALBERT C. RITCHIE, GOVERNOR

authorized to transact liability, compensation, casualty or
miscellaneous lines, shall pay the same annual license fees as
are required of stock fire insurance companies; provided, how-
ever, that when any other State, Territory, country or dis-
trict imposes upon any mutual insurance company incorpor-
ated under the laws of this State, fees, taxes or charges in ex-
cess of or less than those prescribed by the laws of this State
for such mutual companies of other States, then such non-
resident mutual insurance companies shall pay to the State
Insurance Commissioner of Maryland the same taxes, fees or
charges as are, or would be collected by such other State,
Territory, country or district from such mutual insurance
companies incorporated under the laws of this State. Every
mutual insurance company, whether organized within or with-
out this State, shall make its annual report in such form and
submit to such examinations and furnish such information as
may be required by the State Insurance Commissioner. When-
ever such mutual insurance companies shall furnish to their
policy holders in this State annually, a detailed statement of
their financial condition, and shall also furnish a copy thereof
to the Insurance Commissioner for his approval, they shall be
exempt from the requirements of any laws of this State pro-
viding for advertising such statements in any newspaper. So
far as practicable, the examination of mutual insurance com-
panies organized outside of this State shall be made in co-
operation with the Insurance Departments of other States, and
the forms of annual report shall be such as are in general use
throughout the United States.

154N. Any such mutual insurance company organized un-
der the laws of or admitted to transact insurance in this State
may by policy, treaty or other agreement, cede to or accept
from any insurance company or insurer licensed in any State,
Territory or district in the United States, reinsurance upon
the whole or any part of any risk or risks, with or without con-
tingent liability or participation, and with or without mem-
bership in such mutual insurance company; provided, that
no such reinsurance shall be effected with any company or in-
surer disapproved therefor by written order of the State In-
surance Commissioner filed in his office.

1540. Any mutual insurance company organized outside
of this State shall comply with the provisions of any law re-
quiring that policies shall be countersigned and delivered