1200 LAWS OF MARYLAND. [CH. 402

with the state industrial accident commission, which shall with-
hold its approval of any such scheme for the insurance of a
smaller number than two thousand employees unless the finan-
cial plan of the scheme is especially strong, or the risk or haz-
ard is exceptionally low.

If the state industrial accident commission shall at any time
find that the scheme no longer fulfills the requirements of this
section, or is not fairly administered, or other valid and sub-
stantial reasons therefor exist, it shall withdraw its approval
and so notify the insurance commissioner, who shall revoke
the license of such scheme. When such a license !<* revoked
or expires, any moneys or securities held for the purposes oi
this scheme, shall, after due provision has been made to dis-
charge the liabilities already accrued, be disposed of or dis-
tributed as may be-arranged between the employer and his em-
ployees, or as may be determined by the commission, or in the
event of a difference of opinion, according to the rights of the
parties.

Where such an approved or certified scheme of compensation,
benefit, or insurance is in effect, the employer shall answer all
inquiries in regard thereto that may be required by the state
industrial accident commission.

SEC. 130. Penalties. Any person or corporation violating
any provision under this sub-title shall be guilty of a misde-
meanor, and upon conviction shall be punished by a fine of
not less than fifty dollars, or more than five hundred dollars,
and the insurance commissioner shall have power to revoke
the license of any such person or corporation.

SEC. 131. Inconsistent Provisions of Law Repealed. All
laws or parts of laws in conflict with the provisions of this
sub-title, so far as companies organized or admitted under said
sub-title are concerned, are hereby repealed in so far as they
are so inconsistent; provided, however, that mutual fire insur-
ance companies organized prior to the first day of January
in the year nineteen hundred and sixteen and now lawfully
doing business upon the plan of taking deposit notes for a
percentage of the amount insured by its policies, and making
a call or assessment thereon for expenses and for the payment
of losses only after such losses are incurred, may continue
such system of business, and such deposit notes shall constitute
the entire liability of their members.