HERBERT R. O'CONOR, GOVERNOR. 743

through an attorney-in-fact under the name Lloyds or under
a Lloyds plan of operation. Such individuals and aggrega-
tions of individuals are referred to in this sub-title as
"Lloyds".

(2) As used in this sub-title "Domestic Lloyds" means a
Lloyds having its home office in this State; "Foreign Lloyds"
means a Lloyds having its home office in any State of the
United States other than this State; and "Alien Lloyds" means
a Lloyds having its home office or principal place of business
in any country other than the United States.

103A. Certificate of Authority. It shall be unlawful for
any domestic, foreign or alien Lloyds to transact business in
this State unless it has first obtained and has in force a cer-
tificate of authority issued by the Commissioner. All certifi-
cates of authority issued under the provisions of this sub-title
shall terminate on the thirty-first day of December next fol-
lowing the date of issuance and may be renewed upon com-
pliance with the provisions of this sub-title.

103B. Name. The name of any Lloyds authorized to trans-
act business under this sub-title shall not be the same as, or
deceptively similar to, the name of any domestic company or
of any foreign or alien company or association authorized to
transact business in this State.

103C. Principal Office of Attorney 4n-F act. The principal
office of the attorney-in-fact of a domestic Lloyds shall be
maintained in this State.

103D. Kinds of Business Permitted. Except as otherwise
provided in this sub-title, a Lloyds may be authorized to trans-
act any or all of the kinds of business authorized by law,
except life insurance.

103E. Declaration of Domestic Lloyds. The attorney-in-fact
for underwriters who desire to form a domestic Lloyds under
this sub-title shall sign and acknowledge before an officer
authorized to take acknowledgments, a declaration in dupli-
cate. When the attorney-in-fact is a corporation the declara-
tion shall be acknowledged by an officer of such corporation.
The Declaration shall set forth:

(a) the name of the attorney-in-fact, and the name or desig-
nation under which contracts are to be effected;

(b) the location of the office of the attorney-in-fact;
(c) the names and addresses, including streets and num-
bers, if any, of the individual underwriters;