1184 • LAWS OF MARYLAND. [CH. 40:2

greater than seventy-five dollars annually, or equivalent thereof,
upon any contract of annuity, or during sickness or disability.

SEC. 98. Insurance of Infants. Companies as mentioned in
sections 95, 96 and 97, upon complying with the requirements
of this article with reference to such companies, may make
such contracts of insurance as are allowed by said sections,
both of adults and infants, provided however, that in all cases
of the insurance of infants, some adult shall become responsible
for all obligations of any such infant to the company writing
said insurance.

SEC. 99. Reserves for Industrial Accident & Health Insur-
ance. All companies of the classes referred to in sections 95, 96
and 97 conducting the business of health insurance, or assum-
ing the payment of money or providing other benefits on account
of and during disability from sickness or accident in this state,
shall have and constantly maintain, over and above its capital
stock and other liabilities and reserves required, and as a
special security for the payment of such benefits, cash or invest-
ments such as are prescribed for the reserve fund of life in-
surance companies, equal in amount, if the premiums for such
benefits are payable monthly or at shorter intervals, to at least
one twelfth part of the total premiums or contributions pay-
able during the year for and on account of such disability in-
surance or sick or accident benefits; and if the premiums for such
insurance are payable annually or at intervals longer than one
month, then the sum to be maintained shall be the amount
of the unearned premium calculated proportionately for the
unexpired term of the insurance in the manner provided in
.this article for calculating the reinsurance reserve of fire
insurance companies.

SEC. 100. Bonds Required of Industrial Agents. Every
industrial life, accident or health insurance company doing
business in this state, shall require from each of its agents
or collectors in this state a good and sufficient bond for not
less than fifty dollars. Failure to require such bond shall, in
each and every case, be deemed to be a misdemeanor, and upon
conviction, the company so adjudged to be guilty shall, for
each such offense, be subject to the penalties specified in sec-
tion 53, and in addition thereto, be liable for any damage the
public mlay have sustained by reason of such failure. The
informant shall receive one-half of any fines imposed under
this section.