HERBERT R. O'CONOR, GOVERNOR. 1707

copies are typed by the Clerk, an additional fee, at the rate
of 65# per page shall be charged.

SEC. 2. And be it further enacted, That all laws or parts of
laws inconsistent with the provisions of this Act be and the
same are hereby repealed to the extent of such inconsistency.

SEC. 3. And be it further enacted, That this Act shall take
effect on June 1, 1943.

Approved May 4, 1943.

CHAPTER 985.
(House Bill 512)

AN ACT to add a new section to Article 48A of Flack's Anno-
tated Code of Maryland (1939 Edition), title "Insurance",
sub-title "General Provisions", said new section to follow
immediately after Section 25 and to be known as Section
25A, relating to the investment of capital, surplus and other
funds of stock and mutual insurance companies, (other than
life insurance companies or fraternal benefit associations)
and to Lloyds Associations.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and the same is hereby added to
Article 48A of Flack's Annotated Code of Maryland (1939
Edition), said new section to follow immediately after Sec-
tion 25 and to be known as Section 25A, and to read as
follows:

25A. INVESTMENTS—FIRE, CASUALTY AND MISCELLANEOUS.
1. MINIMUM CAPITAL INVESTMENTS.

Before investing any of its funds in any other classes of
securities or types of investments, every domestic stock in-
surance company and Lloyds Association, other than a life
insurance company or a fraternal benefit association, shall
to the extent of an amount equal in value to the minimum
capital required by law for a domestic stock corporation
authorized to transact the same kinds of insurance, invest
its funds only in securities of the classes described in this
section and which are not in default as to principal or interest.
Every domestic mutual insurance company, other than a life
insurance company, before investing any of its funds in any