1146 LAWS OF MARYLAND. [CH. 492

deposit of cash or securities required by this article, according
to the class of business to be transacted, and a certificate of
said deposit from the treasurer of this state filed with the com-
missioner, unless said deposit shall be made with the commis-
sioner under the provisions of section 21; thirdly, the commis-
sioner shall have examined the officers of such company, under
path, to ascertain whether or not the capital required of the
company and authorized by its charter, according to the nature
of the business proposed to be transacted by it, has been paid
in cash and is held by the board of directors subject to their
actual control in accordance with the provisions of the charter
of said company, or has been invested by them in securities
authorized by this article; fourthly, the officers or incorpora-
tors of such company shall have certified, under oath, that the
capital exhibited to the commissioner is bona fide property of
the company, and fifthly, there shall have been granted by the
commissioner a license or certificate of authority to said com-
pany.

SEC. 31. Annual Statement. Every insuranae company
conducting any branch of insurance business in this state, must
transmit to the insurance commissioner a statement of its con-
dition and business for the year ending on the preceding thirty-
first day of December, which statement shall be rendered on
the first day of January following, or within sixty days there-
after (except that companies of foreign countries may trans-
mit their statements of business, other than that done in the
United States, at any time prior to the following first of July),
which statements must be in the form and state the particulars
required by the blanks prescribed by the insurance commis-
sioner; and he may require at any time statements from any
company doing business within this state, or from any of its
officers or agents, on such points as he may deem necessary
and proper to elicit a full exhibit of its business and standing;
all of which statements herein required must be certified by
the signatures and oath of the president or vice-president of
the company, with that of the secretary or actuary. No com-
pany having neglected to file a statement required of it within
the time and manner prescribed shall do any new business,
after notification by the insurance commissioner, while such
neglect continues; and any company neglecting for thirty days
to make and transmit any statements required, shall forfeit one
hundred dollars for each day's neglect.