1346                        LAWS OF MARYLAND.                  [CH. 530

tion, suspension or refusal to renew such license in some daily
newspaper published in the City of Baltimore, and by such
advertising or publication as he may deem proper.

193. Examination of Companies. Once at least during
his term of office the Commissioner shall cause the affairs of
every company organized under the laws of this State to be
thoroughly inspected and examined with special regard to its
financial condition and its ability to fulfill its obligations, and
shall ascertain and determine whether or not it has complied
with the laws of this State; he shall also cause an examination
of every such company to be made whenever he deems it pru-
dent to do so. Whenever the Commissioner may have reason
to doubt the solvency or the correctness of the statement of any
foreign company which may have been licensed to do business
in this State, or which may be applying for said license, he
shall communicate such doubts, and the reasons therefor, to
the Insurance Commissioner, or other officer charged with the
supervision of similar companies of the State in which said
company is located, and if he is not satisfied from the informa-
tion obtained from such Insurance Commissioner or other
officer, or from the officers of the company, that the condition
of the company is such as to warrant him in permitting it to
transact business in this State, under the provisions of this
sub-title, he shall notify such company that it will be necessary
for him to have its affairs examined. Whenever an examina-
tion of any company doing business in this State shall be deter-
mined upon under the provisions of this sub-title, the examiner
of the insurance department and such other person or persons
who shall be appointed by the Commissioner for that purpose
shall visit such company at its principal office and make a
thorough examination into' its affairs; and if such company
shall refuse to permit such examination, or shall refuse free
access to all its books and papers, or shall in any way prevent
or obstruct a thorough examination into its affairs, he shall
not grant a license to such company, or if a license shall al-
ready have been granted, he shall at once revoke it and publish
the fact of such revocation in one daily newspaper published
in the City of Baltimore. The examiner of the insurance de-
partment shall be paid by the company whose affairs are ex-
amined, his traveling and other expenses, and in addition
thereto a sum to be approved by the Commissioner, for each
and every day that he shall be engaged in any such examina-