1150                           LAWS OF MARYLAND                      [CH. 553

(b)   Any provision by which the certificate purports to be issued
or to take effect more than six (6) months before the original appli-
cation for the certificate was made, except in case of transfer from
one form of certificate to another in connection with which the
member is to receive credit for any reserve accumulation under the
form of certificate from which the transfer is made; or

(c)   Any provision for forfeiture of the certificate for failure to
repay any loan thereon or to pay interest on such loan while the
total indebtedness, including interest, is less than the loan value of
the certificate.

333.    "Premiums" Defined.

As used in this subtitle "premiums" means premiums, rates, or
other required contributions by whatever name known.

334.    Health Insurance and Total and Permanent Disability Insur-
ance Certificates—Filing and Approval.

No domestic, foreign or alien society authorized to do business in
this State shall issue or deliver in this State any certificate or other
evidence of any contract of health insurance or of any total and per-
manent disability insurance contract unless and until the form
thereof, together with the form of application and all riders or
endorsements for use in connection therewith, shall have been filed
with the Commissioner and approved by him as conforming to rea-
sonable rules and regulations from time to time made by him and
as not inconsistent with any other provisions of law applicable
thereto. The Commissioner shall, within a reasonable time after the
filing of any such form, notify the society filing the same either of
his approval or of his disapproval of such form. The Commissioner
may approve any such form which in his opinion contains provisions
on any one or more of the several requirements made by him which
are more favorable to the members than the one or ones so required.
Pursuant to the foregoing provisions the Commissioner shall have
power, from time to time, to make, alter and supercede reasonable
regulations prescribing the required, optional and prohibited provi-
sions in such contracts, and such regulations shall conform, as far
as practicable, to the provisions of subtitle 25. Where the Commis-
sioner deems inapplicable, either in part or in their entirety, the
provisions of the foregoing sections, he may prescribe the portions
or summary thereof of the contract to be printed on the certificate
issued to the member. Any filing made hereunder shall be deemed
approved unless disapproved within sixty days from the date of
such filing.

335.    Reinsurance.

A domestic society may, by a reinsurance agreement, cede any
individual risk or risks in whole or in part to an insurer (other
than another fraternal benefit society) haying the power to make
such reinsurance and authorized to do business in this State, or if
not so authorized, one which is approved by the Commissioner; but
no such society may reinsure substantially all of its insurance in
force without the written permission of the Commissioner. It may
take credit for the reserves on such ceded risks to the extent rein-
sured, but no credit shall be allowed as an admitted asset or as a
deduction from liability, to a ceding society for reinsurance made,