HERBERT R. O'CONOR, GOVERNOR. 147

shall hold a surplus equal to the capital stock and surplus re-
quired of a stock insurance company effecting the same kinds
of insurance.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1945.

Approved March 8, 1945.

CHAPTER 188.
(House Bill 20)

AN ACT to repeal and re-enact with amendments, Section 84
of Article 48A of the Annotated Code of Maryland (1939
Edition), title "Insurance", sub-title "Agents and Brokers",
increasing the powers of the Commissioner in the matter of
revocation of licenses of any insurance broker, broker's
solicitor, or agent or solicitor.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 84 of Article 48A of the Annotated Code
of Maryland (1939 Edition), title "Insurance", sub-title
"Agents and Brokers", be and the same is hereby repealed and
re-enacted, with amendments, to read as follows:

84. (Relocation of License of Agent or Broker. ) Whenever
the Commissioner shall be satisfied that any insurance broker,
broker's solicitor, agent or solicitor, licensed or registered by
this State, has wilfully violated any of the insurance laws
of this State, or has wilfully misrepresented any policies of
insurance, or has dealt unjustly with or wilfully deceived,
or dealt fraudulently with any insurance company or with
any citizen of this State in regard to any insurance policy, or
has failed or refused to pay over to the company or to his
principal or other person whom he represents or has repre-
sented, or by or for whom he is employed or acts, any money
or property in the hands of said agent, solicitor, broker or
broker's solicitor belonging to said company, firm, broker, prin-
cipal or person i^hen demanded to do so, or has violated any
ruling of the insurance department which he is by law au-
thorized to make, or upon conviction of any infamous crime
under the laws of this or any other State, or of the United
States, or has been guilty of twisting or attempting to twist
by misrepresentation any policy of insurance or has made any
false statement, answer or declaration in his application for