1202 LAWS OF MARYLAND. [CH. 492

(e) The location of the office or offices from which such
contracts or agreements are to be issued.

(f) That applications have been made for indemnity upon
at least seventy-five separate risks aggregating not less than
one and one-half million dollars as represented by executed
contracts or bona fide applications to become effective con-
currently, or, in ease of liability and compensation insuranfce;
covering a total payroll of not less than four million dollars.

(g) That there is on deposit with such attorney and avail-
able for the payment of losses, a sum of not less than fifty
thousand dollars; provided, however, that in case of liability
and compensation insurance such sum shall be not less than
one hundred thousand dollars.

(h) A financial statement in form prescribed for the an-
nual report.

SEC. 135. Service of Process. Concurrently with the filing
of the declaration provided for by the terms of section 134, the
attorney shall file with the insurance commissioner an instru-
ment in writing, executed by him for said subscribers, con-
ditioned that upon the issuance of the certificate of authority
provided for in section 140, action may be brought in the county
or city in which the property or risk insured thereunder is
situated, and service of process may be had upon the insurance
commissioner in all suits in this state arising out of such
policies, contracts or agreements, which service shall be valid
and binding upon all subscribers exchanging at any time re-
ciprocal or inter-insurance contracts through such attorneys.
Three copies of such process shall be served and the commis-
sioner shall file one copy, forward one copy to said attorney
and return one copy with his admission of service.

SEC. 136 Limit of Liability. There shall be filed with the
insurance commissioner by such attorney, whenever the com-
missioner shall so require, a statement under oath of such
attorney showing the maximum amount of indemnity upon a
single risk, and no subscriber shall assume on a single risk
an amount greater than ten per cent, of the net worth of such
subscriber.

SEC. 137. Reserves; Impairment of Assets. There shall at
all times be maintained assets in cash or securities authorized
by the laws of the state in which the principal office is located,
for the investment of funds of insurance companies doing the
same kind of business, an amount equal to 100 per cent of the