HERBERT R. O'CONOR, GOVERNOR. 661
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 279 and 280 of Article 43 of the Anno-
tated Code of Maryland (1939 Edition), title "Health", sub-
title "Cerebro-Spinal Meningitis in Horses—Commission", be
and they are hereby repealed.
SEC. 2. And be it further enacted, That this Act shall take
effect on June 1, 1941.
Approved April 23, 1941.
CHAPTER 399.
(House Bill 35)
AN ACT to repeal and re-enact, with amendments, Sections 28
and 29 of Article 48A of Flack's Annotated Code of Mary-
land (1939 Edition), title "Insurance", sub-title "General
Provisions", prescribing additional conditions for the ad-
mission of foreign and domestic stock insurance companies,
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 28 and 29 of Article 48A of Flack's Anno-
tated Code of Maryland (1939 Edition), title "Insurance",
sub-title "General Provisions", be and the same are hereby re-
pealed and re-enacted, with amendments, to read as follows:
28. Admission of Foreign Companies. No foreign stock
insurance company shall, directly or indirectly, transact any
business of insurance in this State unless and until it shall
be fully organized and possessed of the amount of capital and
surplus required of similar companies formed Tinder the laws
of this State, until the Insurance Commissioner shall have
ascertained from the best sources of information at his com-
mand, and by such investigation as he may deem necessary and
shall be satisfied that the character, responsibility and general
fitness of the persons, named as officers and directors of said
company, are such as to command confidence and warrant
belief that the business of the company will be honestly and
efficiently conducted in accordance with the intent and pur-
poses of this Article, and that the public interest will not be
jeopardized by admitting said company to engage in business,
in this State and until the following conditions shall have been
fully complied with and there shall have been granted by the
Commissioner a license to said, company: there shall be
filed with the Insurance Commissioner, (a) a copy of
its charter, declaration of organization or deed of settlement,.
|
 |