746 LAWS OF MARYLAND. [CH. 441

single risk cumulative for each kind of insurance, but not less
than One Hundred and Twenty-Five Thousand ($125, 000)
Dollars.

103M, Restrictions Upon Domestic Lloyds.

(1) A domestic Lloyds shall not:

(a) change its name or title without first obtaining the
written approval of the Commissioner; nor

(b) establish branches under other or different names or
title; nor

(c) amend or change its declaration or power of attorney
without the approval of the Commissioner, and any amend-
ment thereto or change therein shall be set forth in an
amended verified declaration or power of attorney filed with
the Commissioner.

(2) A domestic Lloyds shall:

(a) maintain the assets required by this sub-title either
in cash or in investments permitted by this Article;

(b) maintain in this State the principal office of its
attorney-in-fact for the transaction of business therein, and!
shall notify the Commissioner of any change in the location
of the principal office of its attorney-in-fact;

(c) notify the Commissioner of any change in under-
writers; and

(d) notify the Commissioner of any change of attorney-
in-fact by filing with the Commissioner an instrument signed
by the underwriters of such Lloyds revoking the previous
appointment of any attorney-in-fact and designating and
appointing a substitute attorney-in-fact.

(3) All notices required by Sub-sections (1) and (2) except
the notice prescribed by clause (d) of Sub-section (2) shall be
in writing and shall be verified by the attorney-in-fact if an
individual, or by an officer of the attorney-in-fact if a cor-
poration.

(4) Additional underwriters may join and be included in.
any such Lloyds, subject to such conditions and requirements
as may from time to time be imposed by such Lloyds and upon
meeting the requirements in this sub-title with regard to*
underwriters. Such additional underwriters who may so join
such Lloyds shall be bound by the documents on file with the
Commissioner in the same manner as though they had per-
sonally executed the same and shall have the same rights,
powers and duties as all other underwriters of such Lloyds.
The attorney-in-fact authorized by the underwriters to act for
them shall thereafter also be the attorney-in-fact for such
additional underwriters.

(5) Every domestic Lloyds shall be allowed one year from
the effective date of this sub-title to comply with its provisions.