SPIRO T. AGNEW, Governor                        913

(d)    If a policy covers risks or exposures only partially in this
State, the tax payable shall be computed on the portions of the
premium which are properly allowable to the risks or exposures
located in this State. In determining the amount of premiums tax-
able in this State, all premiums written, procured or received in
this State and all premiums on policies negotiated in this State shall
be deemed written on property or risks located or resident in this
State, except such premiums as are properly allocated or apportioned
and reported as taxable premiums of any other state or states.

(e)    If the insured fails to withhold from the premium the
amount of tax herein levied, the insured shall be liable for the amount
thereof and shall pay the same to the Commissioner within the time
stated in subsection (c) of this section. If the tax prescribed by this
subsection is not paid within the time stated in subsection (c), the
tax shall be increased by a penalty of twenty-five per cent (25%) and
by the amount of an additional penalty computed at the rate of one
per cent per month or any part thereof from the date such payment
was due to the date paid.

(f)    The Attorney General, upon request of the Commissioner,
shall proceed in the courts of this or any other state or in any federal
court or agency to recover such tax not paid within the time pre-
scribed in this section.

210.

(a)    Any unauthorized insurer who does any unauthorized act of
an insurance business as set forth in Section 203 of this Article
shall be fined not less than five hundred dollars ($500) nor more
than five thousand dollars ($5,000).

(b)    In addition to the above penalty and in addition to any other
penalty provided for herein or otherwise provided by law, any per-
son violating the provisions of this subtitle shall forfeit to the State
a penalty in an amount to be determined by the Commissioner not to
exceed the sum of five hundred dollars ($500) for first offense and an
additional sum of five hundred dollars ($500) for each month during
which any such person continues such violation.

211.

(a)    This subtitle shall not apply to transactions in this State
involving a policy lawfully solicited, written, and delivered outside
of this State covering only subject of insurance not resident, located
or expressly to be performed in this State at the time of issuance,
and which transactions are subsequent to the issuance of such policy.

(b)    This subtitle shall not apply to individual life or individual
health insurance policies in force on the effective date of this subtitle.

(c)  This subtitle shall not apply to any life insurance company
organized and operated, without profit to any private shareholder
or individual, exclusively for the purpose of aiding educational or
scientific institutions organized and operated without profit to any
private shareholder or individual by issuing insurance and annuity
contracts direct from the home office of the company and without
agents or representatives in this State only to or for the benefit of
such institutions and to individuals engaged in the services of such