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Session Laws, 1943
Volume 584, Page 774   View pdf image (33K)
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774 LAWS OF MARYLAND. [CH. 600

have been written, if of an owner of property, or any interest
therein, for twenty years from the date of the contract, and
if of a mortgagee, trustees in a deed of trust to secure debt, or
creditor secured thereby, for a time expiring three years
after the final maturity of the debt as stated in the mortgage
or deed of trust, or for twenty years from the date of the
contract, whichever time shall be longer. On any contract
of title insurance heretofore issued, a reserve shall be set up
and hereafter maintained, in such sum as would have been
required if the above requirements had existed at and after
the date of the contract. Said sums, herein required to be
reserved for unearned premiums on contracts of title insur-
ance shall at all times and for all purposes be considered and
constitute unearned portions of the original premiums. In
calculating reserves, contracts of title insurance shall be as-
sumed to be dated in the middle of the year in which they
were issued.

In cases in which a charge is made not only as a premium
for insurance but for title examination or other services the
part thereof attributable to premium shall be subject to the
approval of the Insurance Commissioner.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1943.

Approved May 4, 1943.

CHAPTER 609.
(House Bill 6'61)

AN ACT to repeal and re-enact, with amendments, Section 233
of Article 14 of the Code of Public Local Laws of Maryland
(1930 Edition), as said section was amended by Chapter 129
of the Acts of 1943, relating to the compensation of the
Police Officer for the Second Election District of Howard
County.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 233 of Article 14 of the Code of Public Local
Laws of Maryland (1930 Edition), as said section was
amended by Chapter 129 of the Acts of 1943, be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

233. The County Commissioners of said County shall have
power to levy annually a sum sufficient to pay said person
or persons that may be appointed as hereinbefore provided,

 

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Session Laws, 1943
Volume 584, Page 774   View pdf image (33K)
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