ALBERT C. RITCHIE, GOVERNOR. 1165

officer or agent, resident in this state, authorized by law to
sign such policy or contract; provided, however, that policies
issued to railway corporations insuring the rolling stock and
other movable property of said road, and those insuring the
liability of such railroads as common carriers, shall be subject
to the requirement that they shall be signed by the resident
agent in cases only where more than one-half the trackage
of the roads operated by such railway companies is situate in
the State of Maryland. Every company or person, resident or
non-resident, engaged in business in this state, shall pay to
its legally licensed agent in the State of Maryland, for signing
or countersigning any policy, certificate or other evidence of
liability assumed by said company or person, the same rate
and amount of commissions as if such policy, certificate or
other evidence of liability, had been issued through said agent
residing in the State of Maryland; and no agent shall sign
or countersign any policy, certificate or other evidence of
liability, upon any property situated in this state, for an
amount less than the commission allowed on any policy, cer-
tificate or other evidence of liability issued through an agent
residing in this state. The premiums on all policies so signed
or countersigned shall be included in the report of gross
premiums required to be made to the insurance commissioner
by all companies not organized under the laws of this state.

SEC. 64. Insurance Broker. All licenses for the purpose of
conducting the occupation or business of insurance broker or
broker's solicitor shall be granted by the State Insurance Com-
missioner of Maryland, and all such licenses granted by said
Commissioner shall expire on the 1st day of May thereafter.
Whoever, for compensation, acts or aids in any manner in
negotiating contracts of insurance or reinsurance or placing
risks or effecting insurance or reinsurance for a per-
son other than himself, and not being a duly appointed
solicitor, agent or officer of the1 company in which such in-
surance or reinsurance is effected, and not being a duly
licensed and qualified broker's solicitor as denned in, and in
conformity with, the provisions of section 66 of this article,
shall be deemed an insurance broker.

SEC. 65. Brokers' Licenses. Any natural person, bona fide
copartnership or corporation applying therefor as hereinafter
set forth, and paying to the insurance commissioner the sum
of one hundred dollars for the use of the state, and an ad-
ditional sum of one dollar as a fee to the said commissioner