1012 LAWS OF MARYLAND [CH. 539

Insurance Commissioner or his Deputy, the applicant for
such license of insurance broker shall file with the In-
surance Commissioner, a bond, to be executed by a surety
company authorized to do business in this State, to the
State of Maryland in the penalty of [$500. 00 if such ap-
plicant resides in one of the counties of this State, and his
application is for a license to act as insurance broker as to
risks situated in the county only in which he resides, and all
other instances in the penalty of] $1, 000. 00 $2, 500. 00, con-
ditioned that he will truly account for and pay over to the
person or corporation entitled to receive the same, all money
belonging to such person or corporation which may come
into his hands as insurance broker. Whenever any broker
makes delivery of any policy or policies of insurance to the
assured and receives from the assured the premium or
premiums due thereon, and fails or neglects to pay said
premium or premiums to the insurance company, mutual
company or association, partnership, Lloyd's, individual
underwriters or reciprocal association, issuing such policy
or policies, his bonds may be put in suit at the instance of
the insurance company, mutual company or association,
partnership, Lloyd's, individual underwriters or reciprocal
association issuing such policy or policies, for the collection
of said premium or premiums, and no insurance policy shall
be subject to cancellation for non-payment of premium in
case the premium due on said policy has been paid to the
broker delivering said policy to the assured.

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

Approved April 11, 1953.

CHAPTER 539
(House Bill 676)

AN ACT to add Section 1A to Article 59 of the Annotated
Code of Maryland (1951 Edition), title "Lunatics and
Insane", sub-title "Lunatic or Insane Paupers", provid-
ing for the place of detention of persons held in Alle-

——————

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.