1102 LAWS OF MARYLAND. [CH. 640
CHAPTER 640.
(House Bill 276)

AN ACT to repeal and re-enact, with amendments, Sections
169 and 171 of Article 48A of the Annotated Code of Mary-
land (1939 Edition), title "Insurance", sub-title "Reciprocal
Exchanges and Inter-Insurers" and to add a new section to
said Article, title and sub-title as aforesaid, said new sec-
tion to be known as Section 171A, and to follow immediately
after Section 171, said amended sections authorizing the
exchange of reciprocal or inter-insurance contracts, and pro-
viding for the declaration to be filed by the Attorney in
Fact, and making provision for a contingent liability for
policyholders, except where an exchange has a surplus equal
to the minimum capital and surplus required of a stock
company transacting the same kinds of business; and said
new section prescribing limitation of time within which
suits may be brought to enforce collection of assessments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 169 and 171 of Article 48A of the Anno-
tated Code of Maryland (1939 Edition), title "Insurance", sub-
title "Reciprocal Exchanges and Inter-Insurers", be and the
same are hereby repealed and re-enacted, with amendments,
to read as follows:

169. Reciprocal or Inter-Insurance Contracts; Exemptions.
Individuals, partnerships and corporations of this or any other
State, hereby designated as subscribers, are hereby authorized
to exchange reciprocal or inter-insurance contracts with each
other or with individuals, partnerships and corporations of
other States and countries providing indemnity among them-
selves from any loss which may be insured against under other
provisions of the laws of the State, excepting life, health and
personal accident insurance. Such contracts and the exchange
thereof and such subscribers, their attorneys and representa-
tives, shall be regulated by the provisions under this sub-title
and by no other law relating to insurance, unless such law is
referred to under this sub-title, and no law hereafter enacted
shall apply to them, unless they be expressly designated
therein.

171. Attorney Shall File Verified Declaration. Such sub-
scribers so contracting among themselves, shall, through their
attorney, file with the Insurance Commissioner a declaration,
verified by the oath of such attorney, or where such attorney
is a corporation, by oath of the proper officer thereof, setting
forth: