662 LAWS OF MARYLAND. [CH. 399

duly certified by the proper official of its home State, with his
certificate that said company is entitled to assume risks and
issue policies therein; (b) a power of attorney appointing1
the Insurance Commissioner of the State of Maryland
as agent or attorney for the company, upon whom process
of law may be served, together with a certified copy of the
vote or resolution of the directors appointing such attorney.
Said writing or power of attorney shall stipulate and agree,
on the part of the company making the same, that any lawful
process against said company which is served on such agent,
shall be of the same legal force and validity as if served on
such company within this State, and also, that in case of the
death or absence of the attorney so appointed, service of pro-
cess may be made upon the Deputy Insurance Commissioner.
Said power of attorney cannot be revoked or modified so long
as any policy or liability remains outstanding against such
company in the State. The term process, used above, shall be
held and deemed to include any writ, summons, or orders
whereby any action, suit, or proceeding shall be commenced,
or which shall be issued in or upon any action, suit or pro-
ceeding by any court, officer or magistrate; (c) a state-
ment of the condition of the company on the thirty-first
day of December next preceding, under oath of the president
or vice-president of the company, with that of the secretary or
actuary, as hereinafter provided; (d) a certificate by
every company writing life, accident, health, liability or
compensation insurance, or fidelity or surety bonds, which
shall be renewed annually, from the Commissioner or Super-
intendent of Insurance, or proper financial officer of the State
in which such company is organized, or by the Treasurer of the
State of Maryland, or of some other State of the United States,
setting forth that such company has deposited with him the
sum of one hundred thousand dollars of its capital or assets
in bonds, coin or treasury notes of the United States, or in
bonds of the State of Maryland or of the State in which such
deposit is made, or in bonds secured by mortgage or deeds of
trust on unencumbered real estate worth at least double the
amount loaned thereon, and that he holds the same in trust
and on deposit, under and by the laws of the State in which
he resides, for the benefit of all the policyholders of such com-
pany in the United States, and that he is satisfied that the
securities so deposited by such company and held by him are
worth at least one hundred thousand dollars ($100, 000).

29. Certificates of Authority to Domestic Companies. No
company incorporated under the laws of this State shall,
directly or indirectly, begin the transaction of any business of
insurance until the Insurance Commissioner shall have ascer-
tained from the best source of information at his command,