764 LAWS OF MARYLAND. [CH. 456

(3) Any such employer who does not, with the approval
of said Commission, voluntarily insure the payment of the
compensation by one of the methods designated in the pre-
ceding paragraphs of this section, must furnish satisfactory
proof to the Commission of his financial ability to pay such
compensation himself, in which case the Commission may,
at any time and from time to time in its discretion require
the deposit with the Commission of securities such as are
accepted by the Equity Courts of Baltimore City for the
investment of trust funds and in an amount or amounts to
be determined by the Commission, to secure the liability of
the employer to pay the compensation specified in this Act;
and in order to be informed as to the continued financial
responsibility of any such employer the Commission may
require reports from him annually or at any such other times
as the Commission may deem necessary or advisable, and may
examine such employer under oath or make such other exam-
ination of his business as the Commission may determine. If
he should fail to furnish such satisfactory proof, or give bond,
or deposit such securities as required by the Commission, or
if he should at any time fail to render satisfactory reports
to the Commission or otherwise satisfy the Commission of
his continued financial ability to pay the compensation him-
self, he shall be subject to the provisions of the first para-
graph of this section of this Act, and shall be required by
the Commission to insure as provided in the first paragraph
of said this section, unless he, at once, insures voluntarily as
provided in the second paragraph of this section.

Any employer, subject to the provisions of this Act, who,
after November 1st, nineteen hundred and fourteen, fails or
refuses to submit to said Commission, as provided in the next
succeeding paragraphs, the method he desires to adopt for
assuring compensation, or who shall fail to secure insurance
by one of such methods, shall be guilty of a misdemeanor,
and shall be subject to a fine of not less than five hundred nor
more than five thousand dollars. The Court may, in its dis-
cretion, remit any such penalty, provided the employer in de-
fault assures the compensation as provided in this section;
and provided, further, that he has paid or secured to be paid
any compensation or other benefits under this Act which may
have been awarded against him.