THEODORE R. MCKELDIN, GOVERNOR 1011

57A. (Revocation of Certificate of Authority. ) The
Commissioner may revoke any certificate of authority pre-
viously issued to any foreign or alien stock insurance com-
pany, mutual insurance company, reciprocal exchange or
inter-insurer, Lloyd's, or fraternal beneficial association,
to do business in this State if, after notice to and hearing
of such insurer he finds that such insurer has, after direct
notice, failed or refused to comply with any requirement
imposed upon such insurer by the provisions of this Article
applicable to such insurer and if in his judgment such
revocation is reasonably necessary to protect the interests
of the people of this State. The Commissioner may in his
discretion reinstate any such certificate of authority if,
for cause shown, he finds that a ground for such revocation
no longer exists. The action of the Commissioner in revok-
ing the certificate of authority to do business of any insurer
shall be subject to judicial review. AS PROVIDED IN
SECTION 12, ARTICLE 48A.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved April 11, 1953.

CHAPTER 538
(House Bill 673)

AN ACT to repeal and re-enact, with amendments, Section
111 of Article 48A of the Annotated Code of Maryland—
1951 Edition—title "Insurance", sub-title "Agents and
Brokers" relating to broker's bond.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 111 of Article 48A of the Anno-
tated Code of Maryland—1951 Edition—title "Insurance",
sub-title "Agents and Brokers" be and the same is hereby
repealed and re-enacted, with amendments, to read as fol-
lows:

111. (Broker's Bond. ) Before a license to operate in
this State shall be granted to any insurance broker by the

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.