1144 LAWS OF MARYLAND. [Cil. 492

this section and held by any insurance company reporting to
him are of doubtful market value, or without any ascertain-
able value on the exchange, to cause the same to be appraised
by two disinterested and competent persons, whose estimate
of the value of such securities shall be taken to be the value
thereof, unless the company, by placing some of them upon the
market, and obtaining a bona fide offer therefor, shall so estab-
lish for them a different value.

SEC. 27. Business Shall be Conducted in Own Name. Every
insurance company, foreign or domestic, shall conduct its busi-
ness in this state in its own proper or corporate name, and the
policies or contracts of insurance issued by it shall be headed
or entitled only by its proper or corporate name.

SEC. 28. Misleading Name. No insurance company of this
state shall assume the name of any foreign or domestic corpora-
tion, or one so closely resembling it as to mislead the public
as to its identity.

SEC. 29. Admission of Foreign Companies. No foreign in-
surance company shall, directly or indirectly, transact any
business of insurance in this state unless and until it shall be
fully organized and possessed of the amount of capital required
of similar companies formed under the laws of this state, and
until the following conditions shall have been fully complied
with and there shall have been granted by the commissioner
a license to said company. There shall be filed with the in-
surance commissioner, first, a copy of its charter, declaration
of organization or deed of settlement, duly certified by the
proper official of its home state, with his certificate that said
company is entitled to assume risks and issue policies therein;
secondly, a power of attorney, appointing a citizen of this
state, resident within this state, the agent or attorney for the
company, upon whom process of law may be served, together
with a certified copy of the vote or resolution of the directors
appointing such attorney, which said appointment shall con-
tinue until another attorney shall be substituted. Said writing
or power of attorney shall stipulate and agree, on the part of
the company making the same, that any lawful process against
said company which is served on such agent, shall be of the
same legal force and validity as if served on such company
within this state, and also, that in case of the death or absence
of the attorney so appointed, service of process may be made
upon the insurance commissioner. Said power of attorney