ALBERT C. RITCHIE, GOVERNOR.                1343

Such petition of appeal shall set forth concisely the particulars
in which the action of the Commissioner is claimed to be un-
lawful, unreasonable or against the substantial weight of the
evidence. If the Court finds such error, it shall remand the
case to the Commissioner for further proceedings in accord-
ance with its opinion or order; otherwise the action of the
Commissioner shall be affirmed. From the final decision of
the Court hearing such appeal, any company may take an
appeal to the Court of Appeals in the same manner as in other
equity cases, but within ten days after the order appealed
from; and the Court of Appeals shall immediately hear and
determine such appeal. The appeal to the Circuit Court shall
be taken within thirty days from the date of the order, action,
or refusal to act of the Commissioner, provided notice of such
order, action or refusal to act shall be furnished the company
as hereinabove provided.

188. Deposits Required. No company licensed under
the provisions of this sub-title shall, at any time offer, negotiate,
or sell contracts in the State of Maryland, unless and until such
company shall have assigned to and deposited with the Commis-
sioner, or with some independent trust company approved by
him, in trust, as security for all the holders of contracts or
other obligations heretofore or hereafter sold, negotiated, issued
or accrued in said company in the State of Maryland, bonds,
coin or treasury notes of the United States of America, or in-
terest or dividend paying bonds or stocks of this or any other
State of the United States or of any county, incorporated
city or other corporation of this or any other State having
legal authority to issue the same and not in default, or other
securities approved by the Commissioner, having a market
value of not less than $25, 000, and at no time less than the
aggregate contract liability of the company under all con-
tracts heretofore or hereafter sold in the State of Maryland;
provided that in the case of a non-resident company which
shall annually produce a certificate of the insurance com-
missioner or other proper financial officer of the State in
which such company is organized, setting forth that such
company has deposited with him securities having a market
value of not less than $25, 000 and not less than the aggre-
gate contract liability of the company to the holders of all
contracts or other obligations heretofore or hereafter sold,
. negotiated^ issued or accrued by said company in the United