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Session Laws, 1941
Volume 582, Page 1100   View pdf image (33K)
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1100 LAWS OF MARYLAND. [CH. 639

by the express provisions of this sub-title. If the per diem and
expenses in any case herein provided shall remain unpaid
after ten days from the completion of any such examination,
the Insurance Commissioner may sue therefor. For the pur-
poses of any examination authorized by law, the Insurance
Commissioner, or the Insurance Examiner shall have power
and is hereby authorized to summon any person or persons
being within this State, and to administer to him or them the
proper and necessary oath, and to examine him or them, under
oath, in relation to the affairs and condition of any insurance
company. The result of the official examination of any such
company may, at the discretion of the Commissioner, be pub-
lished within thirty days thereafter at the expense of said
company in one daily newspaper published in the City of
Baltimore in such condensed form as shall show the true
condition of the company examined. Should any insurance
company organized under the laws of this State or manage-
ment company or owned or controlled subsidiary of any such
company refuse to permit its affairs to be examined as herein
provided, or refuse free access to its books or papers, or in
any manner whatever prevent a thorough examination, the
said Insurance Commissioner shall proceed against said com-
pany in the manner provided in Section 51.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1941.

Approved May 26, 1941.

CHAPTER 639.

(House Bill 274)

AN ACT to repeal and re-enact, with amendments, Sections
223 and 224 of Article 48A of the Annotated Code of Mary-
land (1939 Edition), title "Insurance", sub-title "Install-
ment Accumulation Contracts" relating to exchange, sur-
render, sale of and income from deposits with the State
Treasurer made by companies writing installment accu-
mulation contracts.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 223 and 224 of Article 48A of the Anno-
tated Code of Maryland (1939 Edition), title "Insurance" sub-
title "Installment Accumulation Contracts", be and the
same are hereby repealed and re-enacted to read as follows:

 

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Session Laws, 1941
Volume 582, Page 1100   View pdf image (33K)   << PREVIOUS  NEXT >>


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