1152 LAWS or MARYLAND. [CH. 402

risks located within this state against liability, casualty, acci-
dent or hazard of any kind that may arise or occur therein,
or agreement as to such contract, other than as plainly ex-
pressed in the policy issued or to be issued thereon; nor shall
any such company, Lloyds, or individual underwriter, or any
officer, agent, solicitor, or representative thereof, directly or in-
directly, in any manner whatsoever, pay or allow, or offer to
pay or allow, as inducement for such insurance, or after the in-
surance shall have been affected, any rebate from the premium
which is specified in the policy, or any special favor or advantage
in the dividends or other benefits to accrue thereon, or any valu-
able consideration or inducement whatever not specified in the
policy or contract of insurance; nor shall any insurance broker,
his agent or representative, or any other person, directly or
indirectly, either by sharing commissions or in any manner
whatsoever, pay or allow, or offer to pay or allow as induce-
ment to such insurance, or after the insurance shall have been
effected, any rebate from the premium which is specified in
the policy; nor shall the insured, his agent or representative,
directly or indirectly, accept or knowingly receive from any
company, Lloyds, or individual underwriters, or from any in-
surance broker or other person, any such rebate of premium
payable on the policy, or any special favor or advantage in
the dividends or other benefits to accrue thereon. This section
shall not prevent any company lawfully doing such insurance
business in this state from the distribution of surplus and divi-
dends to policyholders after the first year of insurance, or
prevent any member of an inter-insurance or Lloyd's associa-
tion from receiving the profit on his or its underwriting; nor
shall this section prevent any licensed insurance broker from
sharing or dividing a commission earned or received by him
with any other licensed insurance broker who shall have aided
him in respect of the insurance, for the negotiation of which
such commission shall have been earned or paid.

SEC. 46. Misrepresentation of Terms of Policy. No insur-
ance company, or any officer, director, agent, broker or solic-
itor thereof, shall issue, circulate or cause or permit to be
issued, circulated or used, any statement, estimate, illustration
or circular misrepresenting the terms of any policy issued or
the benefits or privileges promised under any such policy, or
the future dividends payable under such policy.

SEC. 47. Penalties for Violation of Sections 44 ,45 and 46.
Any person or corporation violating any of the provisions of