HERBERT R. O'CONOR, GOVERNOR. 1645

said Article, sub-title "Non-Profit Hospital Service Plans";
to repeal Sections 33 to 38, inclusive, of said Article 48A,
sub-title "General Provisions", and to enact in lieu thereof
five new sections to follow immediately after Section 32 of
said Article, to be known as Sections 33, 34, 35, 36 and 37,
defining the phrase "Insurance Company" as used in Sec-
tions 34, 35, 36, 37, 40, 41, 82 and 83 of said Article, and
providing for the issuance and expiration of and fees for
certificates of authority or licenses to insurance companies;
to repeal and re-enact, with amendments, Sections 40 and
41 of said Article 48A, sub-title "General Provisions"; to
repeal and re-enact, with amendments, Section 159 of said
Article 48A, sub-title "Mutual Insurance Companies", and
Section 196 of said Article 48A, sub-title "Fraternal Bene-
ficiary Associations", and Section 236 of said Article 48A,
sub-title "Non-Profit Hospital Service Plans"; to repeal and
re-enact, with amendments, Section 95(a) of Article 81 of
said Code, title "Revenue and Taxes", sub-title "Gross Re-
ceipts Tax", and Section 230(b) of said Article, sub-title
"Income Tax"; and to provide for the repeal of inconsistent
laws.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new sub-title and nine new sections be and the
same are hereby added to Article 81 of the Annotated Code
of Maryland (1939 Edition), title "Revenue and Taxes", said
new sub-title to follow immediately after Section 100 of said
Article and to read "Insurance Taxes", and said new sections
to follow immediately after said new sub-title, to be known as
Sections 101, 102, 103, 103A, 103B, 103C, 103D, 103E and
103F, and to read as follows:

INSURANCE TAXES.

101. As used in this sub-title:

(1) The phrase "insurance company" means (a) every per-
son engaged as principal in the business of writing insurance,
surety, guaranty or annuity contracts (except non-profit hos-
pital service plan corporations and fraternal beneficiary as-
sociations), and includes mutual insurance companies (ex-
cept domestic mutual fire insurance companies), title insur-
ance companies and credit indemnity companies, and (b) at-
torneys-in-fact for reciprocal exchanges or inter-insurers.

(2) The term "premiums" includes the consideration for
surety, guaranty and annuity contracts, dividends on life
insurance policies which have been applied to purchase addi-
tional insurance or to shorten the premium paying period,
and so much of the gross receipts of title insurance companies
as is derived from the business of insurance or guaranty, but