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Session Laws, 1922
Volume 563, Page 1170   View pdf image (33K)
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1170 LAWS OF MARYLAND. [CH. 492

ness in this state, insurance, or a sufficient amount thereof,
on property situate in this state owned by said person, firm
or corporation, then the commissioner shall issue a license to
such person, firm or corporation authorizing the procurement
of insurance in now-admitted companies or associations to the
extent of the insurance desired; and such person, firm or cor-
poration shall not be required to pay the tax imposed by the
preceding section, but shall be required to pay said insurance
commissioner a fee of one dollar on each policy so obtained;
and said commissioner shall make a record thereof in the book
mentioned in the preceding section, showing name of company,
number of policy, amount of insurance, rate, premium and date
of expiration of policy; and in case of damage to or loss by
fire, lightning or tornado of any property so insured, the said
unauthorized company is hereby authorized through its agent
or agents to enter this state for the purpose of adjusting any
such loss or damage sustained under said policies, but not to
solicit insurance in such unauthorized companies.

SEC. 73. Stamping Policies in Unauthorized Companies.
It shall be the duty of the commissioner to stamp all policies
issued in non-admitted companies "Unauthorized Company,
Tax paid," or "Unauthorized Company, no Tax." Provided,
however, that railway companies and other common carriers
engaged in inter-state commerce, may place insurance without
complying with the requirements of this section and sections
71 and 72.

SEC. 74. Stamping Policies in Authorized Companies. All
policies of insurance against loss or damage to property in
this state from fire, lightning or tornado issued by companies
authorized to transact such business in this state, shall have
plainly marked or stamped in indelible ink on each policy the
words following, "Authorized to do business in the state of
Maryland," to which shall be affixed a facsimile of the signa-
ture of the insurance commissioner. The commissioner shall
furnish stamps for the purpose herein prescribed at a cost not
to exceed two dollars for each stamp, to be paid by all such
authorized companies.

SEC. 75. Penalties for Violation of Sections 71, 72, 73 and
74. Any person who shall, with intent to avoid the payment
of the tax on insurance in unauthorized companies as pro-
vided by section 72, make a false affidavit, shall be guilty of
perjury and shall be proceeded against and punished as pro-

 

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Session Laws, 1922
Volume 563, Page 1170   View pdf image (33K)
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