HERBERT R. O'CONOR,, GOVERNOR. 113

SECTION 1. Be it enacted by the General Assembly of Mary-
landy That Section 40 of Article 10 of the Annotated Code of
Maryland (1939 Edition), title "Attorneys at Law and At-
torneys in Fact", be and it is hereby repealed.

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

Approved April 15, 1941.

CHAPTER 92.
(House Bill 55)

AN ACT to repeal and re-enact, with amendments, Section 15
of Article 101 of the Annotated Code of Maryland (1939
Edition), title "Workmen's Compensation", sub-title "Suit
—Methods of Insurance", relating to the disposition of fines
levied against employers failing or refusing to secure insur-
ance.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 15 of Article 101 of the Annotated Code of
Maryland (1939 Edition), title "Workmen's Compensation",
sub-title "Suit—Methods of Insurance", be and the same is
hereby repealed and re-enacted, with amendments, to read as
follows:

15. The employer shall secure compensation to his em-
ployees in one of the following ways:

(1) By insuring and keeping insured the payments of such
compensation in the State Accident Fund, or

(2) By insuring and keeping insured the payments of such
compensation with any stock corporation or mutual associa-
tion authorized to transact the business of Workmen's Com-
pensation Insurance in this State;

(3) Any such employer who does not, with the approval of
said Commission, voluntarily insure the payment of the com-
pensation by one of the methods designated in the preceding
paragraphs of this section, must furnish satisfactory proof to
the Commission of his financial ability to pay such compensa-
tion himself, in which case the Commission may, at any time
and from time to time in its discretion require the deposit
with the Commission of securities such as are accepted by the
Equity Courts of Baltimore City for the investment of trust
funds and in an amount or amounts to be determined by the
Commission, to secure the liability of the employer to pay the