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Session Laws, 1922
Volume 563, Page 670   View pdf image (33K)
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668 LAWS OF MARYLAND. [CH. 294

Harford County,' '' passed at the December session, 1842; and
also to repeal Chapter 173 of the Acts of 1849, entitled "An
Additional Supplement to an Act entitled 'An Act to incorpo-
rate The Mutual Fire Insurance Company in Harford Coun-
ty," passed at the December Session, 1842, Chapter 214; also
to repeal Chapter 227 of the Acts of 1880, entitled "An Act
to repeal and re-enact Section 10 of Chapter 214," passed at the
December session, 1842, entitled "An Act to incorporate The
Mutual Fire Insurance Company in Harford County," also to
repeal Chapter 1 of the Act of 1890, entitled "An Act to
amend and extend the Chapter of The Mutual Fire Insurance
Company in Harford County; also to repeal Chapter 478 of
the Acts of 1894, entitled "An Act to amend the Charter of
The Mutual Fire Insurance Company in Harford County/'
and to re-enact the aforesaid sections and several acts with
amendments, and to enlarge the powers of said corporation, as
repealed and re-enacted by Chapter 333 of the Acts of the Gen-
eral Assembly of 1904, be and the same are hereby repealed
and re-enacted so as to read as follows:

3. All applications for insurance in the Company shall be
made in writing and signed by the person or corporation ap-
plying for the same, and when said application has been made
and the annual cash cost and other charges thereon paid, the
insured shall be deemed to be a duly constituted member of

said company, and as such entitled to all the privileges of a
member and bound by all the rules and regulations thereof as
contained in its Charter and By-Laws

6. Every application made to and every policy issued by
this company shall state plainly and legibly the premium upon
which it is made, or issued, said premium to be computed
according to the hazard of the risk as set out in the company's
table of rates, and the company may by its by-laws fix the con-
tingent mutual liability of its members for losses and expenses
in excess of its cash funds; provided, that said contingent
liability shall not, in any year exceed twice the annual cash

cost of the member's policy.

SEC. 2. And be it further enacted, That this Act shall take
effect from June 1st, 1922.

Approved April 13th, 1022.


 

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Session Laws, 1922
Volume 563, Page 670   View pdf image (33K)
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