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Session Laws, 1924
Volume 568, Page 1420   View pdf image (33K)
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1420 LAWS OF MARYLAND. [CH. 562

broker as to risks situated in the county only in which he
resides, and in all other instances in the penalty of $1, 000. 00,
conditioned that he will truly account for and pay over to the
person or corporation entitled to receive the same, all money
belonging to such person or corporation which may come into
his hands as insurance broker. Whenever any broker makes
delivery of any policy or policies of insurance to the assured
and receives from the assured the premium or. premiums due
thereon, and fails or neglects to pay said premium or prem-
iums to the insurance company, mutual company or associa-
tion, partnership, Lloyd's, individual underwriters or recipro-
cal association issuing such policy or policies, his bond may be
put in suit at the instance of the insurance company, mutual
company or association, partnership, Lloyd's, individual under-
writers or reciprocal association issuing such policy or policies,
for the collection of said premium or premiums, and no insur-
ance policy shall be subject to cancellation for non-payment of
premium in case the premium due on said policy has been paid
to the broker delivering said policy to the assured.

Approved April 9, 1924.

CHAPTER 562.

AN ACT to add a new section to Article 48-A of the Code of
Public General Laws of Maryland, title "Insurance, " sub-
title "General Provisions, " to follow immediately after Sec-
tion 32 of said Article and to be known as Section 32A7 pro-
viding for the publication by the Insurance Commissioner
of revocations of licenses.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and the same is hereby added to
Article 48-A of the Code of Public General Laws of Mary-
land, title "Insurance, " sub-title "General Provisions, " to fol-
low Section 32 of said Article, to be known as Section 32A
and to read as follows:

32A. Whenever any license, permit, or qualification grant-
ed or issued by the Insurance Commissioner to any Insurance
Company, Insurance Broker, Broker's Solicitor, Agent or
Solicitor has been revoked or suspended, the Insurance Com-
missioner may immediately publish the fact of the revocation
of such license or permit and the date of such revocation in

 

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Session Laws, 1924
Volume 568, Page 1420   View pdf image (33K)
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