HERBERT R. O'CONOR, GOVERNOR. 331
(e) Any policy or contract granting solely and exclusively
hospitalization insurance.
SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1943.
Approved April 30, 1943.
CHAPTER 312.
(House Bill 82)
AN ACT to add a new section to Article 48A of the Annotated
Code of Maryland (1939 Edition), title "Insurance", sub-
title "Life, Accident and Health Insurance", said new sec-
tion to follow immediately after Section 136 of the said
Article, and to be known as Section 136A, prohibiting the
solicitation or writing of life, health or accident insurance
by any domestic company in a reciprocal state in which the
company is not licensed.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be, and is hereby added to Article
48A of the Annotated Code of Maryland (1939 Edition), title
"Insurance", sub-title "Life, Accident and Health Insurance",
to follow immediately after Section 136 and to be known as
Section 136A, and to read as follows:
136A. As used in this section, the term "reciprocal State"
means a State the laws of which prohibit an insurer domiciled
therein from insuring the lives or persons of residents of Mary-
land unless it then holds a valid and subsisting certificate of
authority issued by the Insurance Commissioner of this State.
Such prohibition may be subject to the exceptions herein set
forth. Subject to the exceptions herein set forth, a domestic
insurer shall not enter into a contract of insurance upon the
life or person of a resident of a reciprocal State unless it is
authorized pursuant to the laws of that State to transact such
insurance therein. The Commissioner shall, annually, mail
notice to every domestic insurer, specifying the reciprocal
States. The exceptions to the provisions of this section are
the following:
(a) Contracts entered into where the prospective insurant
is personally present in the State in which the insurer is
authorized to transact insurance when he signs the applica-
tion.
|