ALBERT C. RITCHIE, GOVERNOR.                1345

amount of the securities deposited under the provisions of this
section, then with the approval of the Commissioner the sur-
plus over such possible liability may be withdrawn. If at any
time this sub-title be repealed and a law be enacted in the
State of Maryland governing the licensing, supervision and
regulation of companies engaged in the sale in the State of
Maryland of contracts of the kind and character covered by
this sub-title, then the securities deposited under the provisions
of this sub-title may be withdrawn by the company.

190.      Sale of and Income From Deposits. All deposits
made under the provisions of any of the preceding sections
shall be held by said Commissioner subject to sale and trans-
fer and to the application of the proceeds of any such sale only
on the order of a court of competent jurisdiction. So long as
a company shall be solvent and not in default under any sec-
tion of this sub-title, it shall be entitled to receive the income
from any deposit made under any preceding section.

191.     Annual Statement. Every company must trans-
mit to the Commissioner a statement of its condition and busi-
ness for the year ending on the preceding 31st day of Decem-
ber, which statement shall be rendered on the first day of
January following, or within sixty days thereafter, which
statement must be in the form and state the particulars re-
quired by the blanks prescribed by the Commissioner, and he
may require at any time statements from any company doing
business within this State, or from any of its officers or agents,
on such points as he may deem necessary and proper to elicit
a full exhibit of its business and standing; all of which state-
ments must be certified to under oath by the proper officers
and/or agents of said company. No company having neg-
lected to file a statement required of it, within the time and
manner prescribed, shall do any new business after notifica-
tion by the Commissioner, while such neglect continues; and
any company neglecting for thirty days to make and transmit
any statements required shall forfeit one hundred dollars
($100. 00) for each day's neglect.

192.    Publication of Revocation or Refusal to Renew
License. Whenever any license issued by the Commissioner
to any company has been revoked or suspended by the Com-
missioner or whenever the Commissioner has refused to renew
a license, he may immediately publish the fact of the revoca-

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